Bursa Announcements

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

BackFeb 24, 2012
Date Announced : 24/02/2012  



Type : Announcement
Subject :
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

Description :
BONIA CORPORATION BERHAD (“BONIA” OR “COMPANY”)

ACQUISITION OF 49% SHARES IN BRAUN VERWALTUNGS-GmbH AND 49% SHARES IN BRAUN GmbH & CO. KG RESPECTIVELY FOR A TOTAL CASH CONSIDERATION OF EUR980,000.00;

ACQUISITION OF A LOAN RECEIVABLE OF SPARKASSE RHEIN-NAHE (Sparkasse”) IN THE NOMINAL AMOUNT OF EUR3,150,000.00 FOR A PURCHASE PRICE OF EUR2,200,000.00 IN CASH; AND

ACQUISITION OF THE TRADE MARK “BRAUN BÜFFEL” REGISTERED IN UNITED ARAB EMIRATES, UNITED STATES OF AMERICA AND CANADA FOR A TOTAL CASH CONSIDERATION OF EUR20,000.00.

(the above are collectively referred to as the “Acquisition”)

Announcement Details/Table Section :

 

We refer to the announcement made on 3 January 2012 in respect of the Acquisition. Unless otherwise stated, defined terms used in this announcement shall carry the same meanings as defined in the announcement dated 3 January 2012.

The Board of Directors of Bonia is pleased to announce that, Jeco Pte Ltd’s 49% equity interests in Braun KG and Braun GmbH had on 10 February 2012 and 14 February 2012 respectively registered in the German Commercial Register. The Acquisition had been completed with effect from the date of the last perfection of the registration of shares in the German Commercial Register.

This announcement is dated 24 February 2012.