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

BackJul 02, 2018
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

Disposal of equity interest held in Makabumi Sdn. Bhd. (40%-owned associate company)

Bonia Corporation Berhad (“Bonia” or “Company”) wishes to inform that the Company has executed a Form of Transfer of Securities under Section 105 of the Companies Act 2016 on 29 June 2018 for the purpose of disposing its 40% equity interest held in Makabumi Sdn. Bhd. (“MBSB”) to Seow Siew Ling (“SSL”) for a consideration of RM800 (collectively, “Disposal of MBSB”). SSL has no relationship with Bonia nor its Directors, major shareholders or persons connected to them.

 

MBSB is a dormant company and has no intention to carry out any business activity in the near future. The original cost of investment of Bonia in MBSB is RM40. The Disposal of MBSB is not expected to have any material effect on the earnings or net assets of the Bonia Group for the financial year ended 30 June 2018.

 

None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the Disposal of MBSB and no approval of shareholders is required.

 

This announcement is dated 02 July 2018.




Announcement Info

Company Name BONIA CORPORATION BERHAD
Stock Name BONIA
Date Announced 02 Jul 2018
Category General Announcement for PLC
Reference Number GA1-02072018-00041

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