General Announcement

Reference ML-141121-45539

Company Name
:
WZ SATU BERHAD
Stock Name
:
WZSATU
Date Announced
:
21 Nov 2014

 

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS WZ SATU BERHAD (“WZ SATU” OR THE “COMPANY”) PROPOSED DISPOSAL BY WZ SATU OF THE ENTIRE EQUITY INTEREST IN WENG ZHENG MARKETING SDN BHD

  WZ SATU BERHAD
 
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description WZ SATU BERHAD (“WZ SATU” OR THE “COMPANY”)

PROPOSED DISPOSAL BY WZ SATU OF THE ENTIRE EQUITY INTEREST IN WENG ZHENG MARKETING SDN BHD
 

On behalf of the Board of Directors of WZ Satu, Hong Leong Investment Bank Berhad wishes to announce that the Company has, on 21 November 2014, entered into a conditional share sale agreement for the proposed disposal of the entire issued and paid-up share capital of Weng Zheng Marketing Sdn Bhd, comprising 2,000,000 ordinary shares of RM1.00 each, to Tan Ching Kee for a cash consideration of RM6,079,394 (“Proposed Disposal”).

Kindly refer to the attached document for the details of the Proposed Disposal.

This announcement is dated 21 November 2014.