News
Facb Industries Incorporated Berhad's Wholly-owned Subsidiary Global Glister limited Entered Into Agreement To Dispose 60% Registered Shareholding In Kanzen Tpco Limited
BackOct 01, 2007
On 27 April 2007, FACB Industries Incorporated Berhad ("FACBII") announced to Bursa Malaysia Securities Berhad that FACBII's wholly-owned subsidiary Global Glister Limited ("GGL") has entered into a Share Transfer Agreement with TPCO Investment Co. Ltd ("TPCO") on 24 April 2007 to dispose off its entire 60% registered shareholding in Kanzen TPCO Limited ("KTPCO") to TPCO, its joint venure partner in KTPCO ("Disposal").Further to the said announcement, FACBII wish to announce that GGL has received the full sale consideration on the Disposal and with effect from 1 October 2007, KTPCO ceases to be a subsidiary of FACBII.