News
Transactions (Chapter 10 Of Listing Requirements):Related Party Transactions
Back13 Dec 2013
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | Disposal of land by QL Resources Berhad's wholly owned subsidiary namely, QL KK Properties Sdn. Bhd. to its related party for a consideration of RM18,482,000.00 |
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Further to the announcement made on 12 December 2013, the Board of Directors of QL Resources Berhad ("Company") wishes to inform that the Net Book Value as at 30 November 2013 of the vacant land disposed was RM10,490,354. The sale proceeds from the disposal will be utilised to pay part of its construction cost for its remaining lots which are meant for its own use. |
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Announcement Info
| Company Name | QL RESOURCES BERHAD |
| Stock Name | QL |
| Date Announced | 13 Dec 2013 |
| Category | General Announcement |
| Reference No | QR-131213-43224 |