On behalf of the Board of Directors of SILK Holdings Berhad ("SHB"), AFFIN Hwang Investment Bank Berhad wishes to announce that the Company had on 1 June 2016 entered into a heads of agreement with WZ Satu Berhad in relation to the proposed disposal of SHB’s entire equity interest in Sistem Lingkaran-Lebuhraya Kajang Sdn Bhd (“Proposed Disposal”).
Further details on the Proposed Disposal are set out in the attached file.
This announcement is dated 1 June 2016.