Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
Description | DISPOSAL OF 100% INTERESTS IN ASIAN TECHNOLOGY RESOURCES SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM3.00 TO DATO' TAN HOCK SAN @ TAN HOCK MING AND MR TAN EE ERN |
The Board of Directors of FSBM Holdings Berhad ("FSBM" or "the Company") wishes to announce that FSBM has on 23 July 2024 entered into a Share Sale and Purchase Agreement with Dato' Tan Hock San @ Tan Hock Ming ("Dato' Tan") and Mr Tan Ee Ern ("TEE") ("Purchasers") to dispose of FSBM's entire shareholdings in Asian Technology Resources Sdn Bhd which is a wholly-owned subsidiary of the Company ("the Disposal"). The Disposal is a Related Party Transaction as Dato' Tan is a Non-Independent Non-Executive Director of FSBM, Ms Tan Wan Yen is an Executive Director of FSBM and TEE is a person connected with such Directors are regarded as related parties and are interested/deemed interested in the Disposal.
Please refer to the attachment for further details.
This announcement is dated 23 July 2024.
Please refer attachment below. |
Company Name | FSBM HOLDINGS BERHAD |
Stock Name | FSBM |
Date Announced | 23 Jul 2024 |
Category | General Announcement for PLC |
Reference Number | GA1-23072024-00063 |