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Provider: Affin Investment Bank

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Ann Joo Resources Berhad Announces Disposal Of Anshin Precision Industries Sdn Bhd

Wednesday, 5 Dec 2012 05:41am EST 

Ann Joo Resources Berhad (AJR) announced that the Company has on December 5, 2012 entered into a Share Sale Agreement (SSA) with Marubeni-Itochu Steel Inc (MISI) and Marubeni-Itochu Steel (Malaysia) Sdn Bhd (MISM) (collectively known as the Purchasers) for the disposal of AJR's entire shareholdings in Anshin Precision Industries Sdn Bhd (API) comprising of 4,448,825 ordinary shares of MYR1.00 each to MISI and MISM for a cash consideration of MYR8,897,650 (Proposed Disposal). 

Company Quote

-0.01 -0.78%
4:43am EDT