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Announcements


Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions

BackJul 23, 2024
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.


Announcement Info

Company Name FSBM HOLDINGS BERHAD
Stock Name FSBM
Date Announced 23 Jul 2024
Category General Announcement for PLC
Reference Number GA1-23072024-00063

Attachments

  1. FSBM_-_Disposal_of_ATR_Announcement__20240723.pdf (Size: 152,612 bytes)