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Date : 01 August 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, A Wholly Owned Subsidiary of Kwantas For A Cash Consideration of RMB25,000,000.00 ("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, A Wholly Owned Subsidiary of Kwantas For A Cash Consideration of RMB25,000,000.00 ("Proposed Disposal")

Reference is made to the announcement made by the Company dated 7th April 2017 in relation to the Proposed Disposal.

The Board of Directors of Kwantas is pleased to announce that the Proposed Disposal has been completed today. In this regard, Dongma (Guangzhou Free Trade Zone) Oleochemicals Co. Ltd. is now ceased to be a subsidiary of the Company.

This announcement is dated 1st August 2017.






Announcement Info

Company Name KWANTAS CORPORATION BERHAD
Stock Name KWANTAS
Date Announced 01 Aug 2017
Category General Announcement for PLC
Reference Number GA1-01082017-00015


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