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MULTIPLE PROPOSALS BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "COMPANY") (I) PROPOSED DISPOSAL; AND (II) PROPOSED INTERCOMPANY TRADE RECEIVABLES SETTLEMENT AGREEMENT ("ITRSA") (PROPOSED ITRSA") (COLLECTIVELY REFERRED TO AS "PROPOSALS")

BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ("BHIC" OR "COMPANY")

(I) PROPOSED DISPOSAL; AND
(II) PROPOSED INTERCOMPANY TRADE RECEIVABLES SETTLEMENT AGREEMENT ("ITRSA") (PROPOSED ITRSA")

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

The terms used herein shall have the same meaning as those defined in the announcements dated 3 April 2024 and 15 April 2024.

We refer to the announcements dated 3 April 2024 and 15 April 2024 in relation to the Proposals.

 

On behalf of the Board of Directors of BHIC, Malacca Securities wishes to announce that on 30 April 2024, BHIC has obtained the approval of the shareholders on the Proposed Disposal, and BHIC and LUNAS have executed the ITRSA on 30 April 2024. As such, all conditions precedent as set out in the SSA in relation to the Proposed Disposal have been fulfilled on 30 April 2024. Accordingly, the SSA has become unconditional on 30 April 2024.

 

This announcement is dated 3 May 2024.

 






Announcement Info

Company Name BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD
Stock Name BHIC
Date Announced 03 May 2024
Category General Announcement for PLC
Reference Number GA1-17042024-00038



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