News
Transactions (Chapter 10 Of Listing Requirements): Related Party Transactions
BackJul 30, 2013
| 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 INDIRECT WHOLLY-OWNED SUBSIDIARY COMPANY 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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The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Proposed Capitalisation.
We refer to the announcement dated 6 December 2012. On behalf of FACBII, RHB Investment Bank Berhad wishes to announce that FACBII had on 30 July 2013 mutually agreed with KCB and Dapan Holdings Sdn Bhd ("DHSB") to extend the Cut Off Date until 31 January 2014 to fulfil the conditions precedent as set out in the settlement agreement dated 6 December 2012 entered into between FACBII, KCB and DHSB in relation to the Proposed Capitalisation to FACBII. This announcement is dated 30 July 2013. |
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Announcement Info
| Company Name | FACB INDUSTRIES INCORPORATED BERHAD |
| Stock Name | FACBIND |
| Date Announced | 30 Jul 2013 |
| Category | General Announcement |
| Reference No | MI-130730-63132 |