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Friday, 11 October 2013

UMSNGB: 卖掉香港的子公司 (Disposal of fully owned subsidiary in HK)

给一个简单的结论:香港的这个子公司,接下来的未来都不看好。卖掉它,不但可以避免每季的亏损,还可以挤出更多的现金来发展公司的生意。简直是个天大的好消息!

Provide a brief summary: Disposal of this fully owned subsidiary (HK), shall avoid further loss incur to the company as well as rise up the capital for CAPEX purpose. It is definitely a great news to the company!

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS UMS-NEIKEN GROUP BERHAD ("UMS-Neiken" or "the Company") Proposed Disposal by UMS-Neiken of Its Entire Shareholding in High Project Limited, a Wholly-Owned Subsidiary of the Company

UMS-NEIKEN GROUP BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionUMS-NEIKEN GROUP BERHAD ("UMS-Neiken" or "the Company")
Proposed Disposal by UMS-Neiken of Its Entire Shareholding in High Project Limited, a Wholly-Owned Subsidiary of the Company

Please refer to the attachment for details of the announcement.
This announcement is dated 11 October 2013.


Announcement Info

Company NameUMS-NEIKEN GROUP BERHAD  
Stock NameUMSNGB    
Date Announced11 Oct 2013  
CategoryGeneral Announcement
Reference NoCA-131011-57450


UMSNGB

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