TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SIN-KUNG LOGISTICS BERHAD - PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN PRIMA AIR SDN. BHD. FOR A PURCHASE CONSIDERATION OF RM20,700,000
| SIN-KUNG LOGISTICS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SIN-KUNG LOGISTICS BERHAD - PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN PRIMA AIR SDN. BHD. FOR A PURCHASE CONSIDERATION OF RM20,700,000 |
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The Board of Directors of Sin-Kung Logistics Berhad (“SKL” or the “Company”) wishes to announce that SKL had on 2 October 2024 entered into a share sale agreement (“SSA”) with Tan Sri Dato’ Halim Bin Mohammad and Puan Sri Datin Mazmin Binti Noordin for the acquisition of 20,000,000 ordinary shares in Prima Air Sdn. Bhd. ("PASB"), representing the entire equity interest in PASB, for a purchase consideration of RM20,700,000, to be satisfied in cash (“Proposed Acquisition”).
Upon completion of the Proposed Acquisition, PASB will be a wholly-owned subsidiary of SKL.
Further details are set out in the attachment.
This announcement is dated 2 October 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | SIN-KUNG LOGISTICS BERHAD |
| Stock Name | SINKUNG |
| Date Announced | 02 Oct 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02102024-00013 |