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Guan Chong Bhd (GNCH.KL)

GNCH.KL on Kuala Lumpur Stock Exchange

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147,400
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Latest Key Developments (Source: Significant Developments)

Guan Chong says unit acquires sellers’ assets for $8.4 million
Wednesday, 27 Sep 2017 11:03am EDT 

Sept 27 (Reuters) - Guan Chong Bhd :Pursuant to sale order & asset purchase agreement entered into with Cocoa Services LLC and Morgan Drive Associates LLC, unit acquired sellers’ assets.Deal for an aggregate purchase price of $8.4 million.Purchase price for asset acquisition will be funded via combination of 40% internally generated funds and 60% banking facilities.Acquisition not expected to have material effect on earnings of gcb group for fy ending 31 Dec 2017.  Full Article

Guan Chong announces acquisition of 100 pct equity interest in Koko Budi
Wednesday, 28 Jun 2017 07:45am EDT 

June 28 (Reuters) - Guan Chong Bhd ::Entered into a sale of shares agreement with Soh Peck Lay, Soh Chee Siong and Soh Bok Yew & Sons Sdn.Deal for acquisition of 100 pct of total issued and paid-up share capital of Koko Budi Sdn. Bhd at 17 million rgt.Acquisition is not expected to have material effect on earnings of the GCB Group for the financial year ending 31 December 2017.Acquisition is expected to contribute positively to GCB group's earnings and profit in future.  Full Article

BRIEF-Guan Chong announces acquisition of 100 pct equity interest in Koko Budi

* Entered into a sale of shares agreement with Soh Peck Lay, Soh Chee Siong and Soh Bok Yew & Sons Sdn