TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionBOUSTEAD HOLDINGS BERHAD (“BHB” OR “COMPANY”)

PROPOSED DISPOSAL OF 66.41% STAKE HELD BY BHB IN THE UNIVERSITY OF NOTTINGHAM IN MALAYSIA SDN BHD (“UNIM”) TO UON HOLDING (MALAYSIA) SDN. BHD. (“PURCHASER”), A WHOLLY-OWNED SUBSIDIARY OF THE UNIVERSITY OF NOTTINGHAM (“UON”), FOR A CASH CONSIDERATION IN RINGGIT MALAYSIA (“RM”) EQUIVALENT TO BRITISH POUND STERLING (“£”) 23,500,000 (APPROXIMATELY RM137,423,300) (“PROPOSED DISPOSAL”)

The Board of Directors of Boustead Holdings Berhad (BHB) wishes to announce that BHB has on 17 August 2021, entered into share sale agreement with the Purchaser for the Proposed Disposal.

Please refer to the attachment for further details of the Proposed Disposal.

 

This announcement is dated 17 August 2021.

 

Announcement Info

Company NameBOUSTEAD HOLDINGS BERHAD
Stock NameBSTEAD
Date Announced17 Aug 2021
CategoryGeneral Announcement for PLC
Reference NumberGA1-17082021-00025

Attachments

  1. BHB_-_Proposed_Disposal_(17082021).pdf (Size: 424,252 bytes)