News
Transactions (Chapter 10 Of Listing Requirements):Related Party Transactions
BackDec 06, 2012
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | FACB INDUSTRIES INCORPORATED BERHAD ("FACBII" OR THE "COMPANY") PROPOSED CAPITALISATION OF THE DEBT OWING BY DAPAN HOLDINGS SDN BHD, AN INDIRECTLY WHOLLY-OWNED SUBSIDIARY OF KARAMBUNAI CORP BHD ("KCB"), TO FACBII TO BE FULLY SATISFIED VIA THE ISSUANCE OF NEW ORDINARY SHARES OF RM0.10 EACH IN KCB ("KCB SHARE(S)") TO FACBII ("PROPOSED CAPITALISATION") |
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On behalf of the Board of Directors of FACBII ("Board"), OSK Investment Bank Berhad ("OSK") wishes to announce that the Company had, on 6 December 2012, entered into a settlement agreement ("SA") with Dapan Holdings Sdn Bhd ("DHSB"), an indirectly wholly-owned subsidiary of KCB for the proposed capitalisation of debt owing by KCB to be fully satisfied via the issuance of new KCB Shares ("Settlement Shares") to FACBII ("Proposed Capitalisation").
This announcement is dated 6 December 2012. |
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Announcement Info
| Company Name | FACB INDUSTRIES INCORPORATED BERHAD |
| Stock Name | FACBIND |
| Date Announced | 6 Dec 2012 |
| Category | General Announcement |
| Reference No | OI-121206-68836 |
Attachments
- FACB061212.pdf (Size: 131,557 bytes)