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Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions

BackMar 29, 2017
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description

QL RESOURCES BERHAD (QL OR THE COMPANY) DISPOSAL OF THE REMAINING EQUITY INTEREST IN QL KK PROPERTIES SDN. BHD. (QLKK) A WHOLLY OWNED SUBSIDIARY OF QL FEEDINGSTUFFS SDN. BHD. (QLF) TO A RELATED PARTY NAMELY RUBY TECHNIQUE SDN. BHD. (RT) FOR A CASH CONSIDERATION OF RM7,257,250

Further to the announcements made on 17 March 2017 and 22 March 2017, the Board of Directors of QL, wishes to announce that on 29 March 2017, QLF has entered into another Share Sale Agreement with its related party, RT to further dispose of approximately 38.03% equity interest being the remaining shares in QLKK comprising of 1,430,000 ordinary shares for a cash consideration of RM7,257,250.

Please refer to the attachment for further details.

This announcement is dated 29 March 2017.

 

Please refer attachment below.


Announcement Info

Company Name QL RESOURCES BERHAD
Stock Name QL
Date Announced 29 Mar 2017
Category General Announcement for PLC
Reference Number GA1-29032017-00006

Attachments

  1. Announcement-Disposal_of_the_remaining_QLKK_shares.pdf (Size: 79,053 bytes)