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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS FARLIM GROUP (MALAYSIA) BHD. ("FARLIM" OR "THE COMPANY") - PROPOSED ACQUISITION OF 175,000 ORDINARY SHARES REPRESENTING A 35% EQUITY INTEREST IN ENTITY CONSOLIDATED SDN. BHD. (THE "PROPOSED ACQUISITION")

FARLIM GROUP (MALAYSIA) BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
FARLIM GROUP (MALAYSIA) BHD. ("FARLIM" OR "THE COMPANY")

- PROPOSED ACQUISITION OF 175,000 ORDINARY SHARES REPRESENTING A 35% EQUITY INTEREST IN ENTITY CONSOLIDATED SDN. BHD. (THE "PROPOSED ACQUISITION")

The Board of Directors of Farlim (the “Board”) wishes to announce that the Company (“Farlim” or the “Company”), had on 23 February 2024, entered into a Share Sale Agreement (“SSA”) with Lim Gait Tong Holdings Sdn. Bhd. [Registration No. 199201014043 (245546-X)] (“LGTHSB” or the “Vendor”) for the acquisition of 175,000 ordinary shares (the “Sale Shares”) representing a 35% equity interest in Entity Consolidated Sdn. Bhd. [Registration No. 201401030988 (1107074-M)] (“ECSB”) for a total purchase consideration of RM5,600,000.00 representing RM32.00 per Sale Share (the “Purchase Consideration”).

The relevant details are set out in the attachment.

This announcement is dated 23 February 2024. 




Please refer attachment below.

Attachments

FGMB - Proposed Acquisition.pdf
229.3 kB



Announcement Info

Company Name FARLIM GROUP (MALAYSIA) BHD
Stock Name FARLIM
Date Announced 23 Feb 2024
Category General Announcement for PLC
Reference Number GA1-24012024-00061



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