Reference No : GA1-20052015-00039
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS WZ SATU BERHAD (“WZ SATU”) DISPOSAL BY WZ SATU OF THE ENTIRE EQUITY INTEREST IN WENG ZHENG MARKETING SDN BHD (“WZ MARKETING”) TO TAN CHING KEE FOR A CASH CONSIDERATION OT RM6,079,394 (“DISPOSAL”)
|Company Name||Stock Name||Date Announced|
|WZ SATU BERHAD||WZSATU||22 May 2015|
|WZ SATU BERHAD|
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
WZ SATU BERHAD ("WZ SATU") DISPOSAL BY WZ SATU OF THE ENTIRE EQUITY INTEREST IN WENG ZHENG MARKETING SDN BHD ("WZ MARKETING") TO TAN CHING KEE FOR A CASH CONSIDERATION OT RM6,079,394 ("DISPOSAL")
We refer to the announcement dated 21 November 2014 and the circular to the shareholders of WZ Satu dated 30 March 2015 in relation to the Disposal (“Circular”). Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the Circular.
On behalf of the Board, HLIB wishes to announce that the Disposal is deemed completed today following the settlement of the Balance Consideration by Tan Ching Kee. Accordingly, WZ Marketing shall cease to be a subsidiary of WZ Satu.
This announcement is dated 22 May 2015.