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BackJun 21, 2013
| Type | Announcement |
| Subject | OTHERS |
| Description | FACB INDUSTRIES INCORPORATED BERHAD ("FACBII" OR THE "COMPANY") - DREAMLAND QINGDAO PTE LTD CEASES TO BE AN INDIRECT SUBSIDIARY OF FACBII |
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The Company wishes to announce that its wholly-owned subsidiary, Dreamland Spring Sdn Bhd, had on 21 June 2013 disposed of its entire 51% equity interest in Dreamland Qingdao Pte Ltd to Qingdao Jinyu Synthesize Operate Co Ltd for a consideration of RMB350,000.
Following the above disposal, Dreamland Qingdao Pte Ltd ceases to be an indirect subsidiary of FACBII. The above disposal does not have any material effect on the earnings per share, gearing and net assets per share of the FACBII Group. None of the directors and/or major shareholders of FACBII and/or persons connected to them, have any interests, direct or indirect in the above disposal. The Board of Directors of FACBII is of the opinion that the above disposal is in the best interest of FACBII Group. This announcement is dated 21 June 2013. |
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Announcement Info
| Company Name | FACB INDUSTRIES INCORPORATED BERHAD |
| Stock Name | FACBIND |
| Date Announced | 21 Jun 2013 |
| Category | General Announcement |
| Reference No | FI-130621-58822 |