TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS C.I. HOLDINGS BERHAD (“CIHB” OR “COMPANY”) PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN DOE INDUSTRIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, TO CENTRAL CABLES BERHAD FOR A TOTAL CASH CONSIDERATION OF RM20,000,000 (“PROPOSED DISPOSAL”)
| C.I. HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | C.I. HOLDINGS BERHAD (“CIHB” OR “COMPANY”) PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN DOE INDUSTRIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, TO CENTRAL CABLES BERHAD FOR A TOTAL CASH CONSIDERATION OF RM20,000,000 (“PROPOSED DISPOSAL”) |
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The Board of Directors of CIHB, wishes to announce that the Company had on 7 January 2025 entered into a share sale agreement (“SSA”) with Central Cables Berhad for the Proposed Disposal, subject to the terms and conditions as set out in the SSA. |
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Please refer attachment below.
Announcement Info
| Company Name | C.I. HOLDINGS BERHAD |
| Stock Name | CIHLDG |
| Date Announced | 07 Jan 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05012025-00002 |