Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
Description |
PROPOSED DISPOSAL OF ASSETS BY TC ALUMINIUM CASTINGS SDN BHD (AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF TCMH) TO APM THERMAL SYSTEMS SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF APM AUTOMOTIVE HOLDINGS BERHAD) FOR A TOTAL CASH CONSIDERATION OF RM5,701,318/- |
Pursuant to paragraph 10.08(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”), the Board of Directors of TCMH informs that TC Aluminium Castings Sdn Bhd (“Vendor” or “TCAC”), a wholly-owned subsidiary of TC Manufacturing Holdings Sdn Bhd (“TCMan”) which in turn is a wholly-owned subsidiary of TCMH, proposes to enter into a related party transaction with APM Thermal Systems Sdn Bhd (“Purchaser” or “APMTS”), a wholly-owned subsidiary of APM Automotive Holdings Berhad (“APM”), in respect of the proposed disposal (“Proposed Disposal”) of the assets of TCAC used for the casting, machining and assembly of aluminium parts and components and other related assets (collectively, the “Assets”) as detailed in section 2.1 of the attached announcement for a total cash consideration of RM5,701,318/- which is subject to price adjustment and conditional upon the fulfilment of the Conditions Precedent as set out in section 3(b) of the attached announcement. Please refer to the attachment for the full announcement in relation to the Proposed Disposal. This announcement is dated 27 April 2016. |
Announcement Info
Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
Stock Name | TCHONG |
Date Announced | 27 Apr 2016 |
Category | General Announcement for PLC |
Reference Number | GA1-26042016-00018 |
Attachments
- TCMH-20160427.pdf (Size: 57,329 bytes)