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New Hoong Fatt Holdings Berhad's Subsidiary To Acquire Properties

Wednesday, 30 Jan 2013 04:26am EST 

New Hoong Fatt Holdings Berhad announced that further to the execution of the letters of offer dated December 18, 2012, (Offer Letters) in relation to the Intention to Acquire Properties as announced on December 19, 2012, and December 20, 2012, respectively, the Board of Directors of the Company announced that PT NHF Auto Supplies Indonesia (PT NHF), an indirect wholly-owned subsidiary of the Company, had on January 30, 2013, executed the sale and purchase agreements (SPA) at Jakarta, Indonesia, in connection with the proposed acquisition of Properties from Mr. Nayon and Ms. Venny Wijaya (collectively referred to as Vendors). The total consideration price of the Properties is IDR 71,500,000,000 (equivalent to approximately MYR 22.9 million). 

Latest Developments for New Hoong Fatt Holdings Bhd

Company Quote

20 Nov 2014