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Boon Koon Group Bhd Enters Into Conditional Share Purchase Agreement With Goh Ting Keong

Tuesday, 19 Mar 2013 05:08am EDT 

Boon Koon Group Bhd announced that the Company had on March 19, 2013 entered into a conditional share purchase agreement (SPA) with Goh Ting Keong in relation to the Disposal. The Disposal involves the disposal by BKG of its 54.63% equity interest in GKYM comprising 2,228,800 ordinary shares of RM1.00 each (Sale Shares) to Goh Ting Keong (Purchaser) for a cash consideration of RM7,421,911 (Consideration). GKYM is a private limited company incorporated in Malaysia and having its registered office at 51-13-A, Menara BHL Bank, Jalan Sultan Ahmad Shah, 10050 Penang. GKYM present principal activities are involved in dealing in all kinds of forklifts and generator sets. The proceeds from the Disposal shall be used for the Group’s general working capital purpose. The said proceeds is expected to be fully utilised within six months from the completion of the Disposal. The Disposal is expected to be completed within six months from the date of SPA. 

Company Quote

-0.0050 -4.35%
23 Dec 2014