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Date : 07 April 2017

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS Kwantas Corporation Berhad ("Kwantas" or "the Company") Proposed Disposal of 100% Equity Interest In Dongma (Guangzhou Free Trade Zone) Oleochemicals Co Ltd. ("DMO"), A Wholly Owned Subsidiary of Kwantas For A Cash Consideration of RMB 25,000,000.00 ("Proposed Disposal")

KWANTAS CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
Kwantas Corporation Berhad ("Kwantas" or "the Company")
Proposed Disposal of 100% Equity Interest In Dongma (Guangzhou Free Trade Zone) Oleochemicals Co Ltd. ("DMO"), A Wholly Owned Subsidiary of Kwantas For A Cash Consideration of RMB 25,000,000.00 ("Proposed Disposal")

Pursuant to Paragraph 9.19(24) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Kwantas is pleased to announce that the Company had on 7th April 2017 entered into a Share Sale Agreement with Guangzhou Lushang Technology Development Co. Ltd for the disposal of 100% equity interest in DMO for a cash consideration of RMB25,000,000.00.

Please refer to the file attached for details of the Proposal Disposal.

This announcement is dated 7th April 2017.




Please refer attachment below.



Announcement Info

Company Name KWANTAS CORPORATION BERHAD
Stock Name KWANTAS
Date Announced 07 Apr 2017
Category General Announcement for PLC
Reference Number GA1-31032017-00038


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