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 30/03/2018
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General Announcement
Reference No GA1-30032018-00025 |
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| Company Name |
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NYLEX (MALAYSIA) BERHAD |
| Stock Name |
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NYLEX |
| Date Announced |
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30/03/2018 |
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| Type |
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Announcement |
| Subject |
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NON RELATED PARTY TRANSACTIONS |
| Description |
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NYLEX (MALAYSIA) BERHAD
- DISPOSAL OF SHARES IN NYL LOGISTICS SDN. BHD. |
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| Announcement Details/Table Section : |
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Nylex (Malaysia) Berhad ("Nylex" or the Compnay") wishes to announce that it had, on 30 March 2018, entered into a Share Sale Agreement ("Agreement") with Bon Kok Meng ("BKM") and Astachem Holdings Sdn. Bhd. ("ASCH" or "the Purchaser") for the disposal of the total 2,200,000 ordinary shares ("Sale Shares"), representing 100% of the issued and paid-up share capital, in NYL Logistics Sdn.Bhd. ("NYL"), a subsidiary company, to ASCH for a total consideration of RM14,400,000 ("Purchase Price") ("Proposaed Disposal").
(Nylex and BKM are collectively referred to as "the Vendors")
Upon completion of the Proposed Disposal, NYL shall cease to be a subsidiary of Nylex.
Further details of the Proposed Disposal are stated in the file attached.
This announcement is dated 30 March 2018.
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| Please refer attachment below. |
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NYL_Disposal_300318.pdf |
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