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 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | 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 |
Please refer to the attachment for details of the announcement.
This announcement is dated 11 October 2013.
| |
Announcement Info
| Company Name | UMS-NEIKEN GROUP BERHAD |
| Stock Name | UMSNGB |
| Date Announced | 11 Oct 2013 |
| Category | General Announcement |
| Reference No | CA-131011-57450 |
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