News
Facb Industries Incorporated Berhad ("Facbi" Or The "Company") Proposed Disposal Of 600,000 Ordinary Shares Of Rm1.00 Each Representing 60% Equity Interest In Beribu Ukiran Sdn Bhd ("Busb"), A Subsidiary Of Facbii, To Karambunai Corp Bhd ("Kcb") For A Total Cash Consideration Of Rm3,160,934 ("Proposed Disposal"); Proposed Novation To Dapan Holdings Sdn Bhd (??Dhsb??), A Wholly Owned Subsidiary Of Kcb, Of Rm33,373,382 Being The Amount Due And Owing By Busb To Facbii And To Be Paid By Dhsb To Facbii And The Repayment Thereto To Be Guaranteed By Kcb ("Proposed Novation"); And Proposed Termination Of The Shareholders Agreement Dated 31 March 1997 Made Between Facbii And Kcb In Relation To Busb ("Proposed Termination") (Collectively The "Proposals")
BackAug 07, 2008
FACB INDUSTRIES INCORPORATED BERHAD ("FACBII" OR THE "COMPANY")PROPOSED DISPOSAL OF 600,000 ORDINARY SHARES OF RM1.00 EACH REPRESENTING 60% EQUITY INTEREST IN BERIBU UKIRAN SDN BHD ("BUSB"), A SUBSIDIARY OF FACBII, TO KARAMBUNAI CORP BHD ("KCB") FOR A TOTAL CASH CONSIDERATION OF RM3,160,934 ("PROPOSED DISPOSAL");
PROPOSED NOVATION TO DAPAN HOLDINGS SDN BHD ("DHSB"), A WHOLLY OWNED SUBSIDIARY OF KCB, OF RM33,373,382 BEING THE AMOUNT DUE AND OWING BY BUSB TO FACBII AND TO BE PAID BY DHSB TO FACBII AND THE REPAYMENT THERETO TO BE GUARANTEED BY KCB ("PROPOSED NOVATION"); AND
PROPOSED TERMINATION OF THE SHAREHOLDERS AGREEMENT DATED 31 MARCH 1997 MADE BETWEEN FACBII AND KCB IN RELATION TO BUSB ("PROPOSED TERMINATION")
(COLLECTIVELY THE "PROPOSALS")
Attachments
- FACB_-_Anncmt_-_07082008.doc (Size: 279,040 bytes)