News
Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description |
QL RESOURCES BERHAD (QL OR THE COMPANY) DISPOSAL OF 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 RM11,824,750 |
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Pursuant to Paragraph 9.19 (24) and 10.08 (1) of the Bursa Malaysia Securities Berhad ("Bursa Securities') Main Market Lisitng Requirements ("Main LR"), the Board of Directors of QL, wishes to announce that on 17 March 2017, QL's wholly owned subsidiary, QL Feedingstuffs Sdn. Bhd. has entered into a Share Sale Agreement ("SSA") with its related party namely Ruby Technique Sdn. Bhd. to dispose of approximately 61.97% equity interest in QL KK Properties Sdn. Bhd. comprising of 2,330,000 ordinary shares ("QLKK Shares") for a cash consideration of RM11,824,750. Please refer to the attachment for further details. This announcement is dated 17 March 2017. |
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Please refer attachment below.
Announcement Info
| Company Name | QL RESOURCES BERHAD |
| Stock Name | QL |
| Date Announced | 17 Mar 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-17032017-00041 |
Attachments
- Disposal_QLKK.pdf (Size: 94,857 bytes)