Home   |   Contact Us   |   Webmail
Announcements

Email This Print This News

Proposed Disposal By Dayang Of 1,800,000 Ordinary Shares Of RM1.00 Each In Syarikat Borcos Shipping Sdn Bhd ("Borcos"), Representing 40% Of The Issued And Paid-Up Capital Of Borcos To Awh Equity Holdings Sdn Bhd ("Awh") For A Total Cash Consideration Of RM135,000,000 ("Proposed Disposal")

BackDec 08, 2010
Date Announced
:
08/12/2010  




Type
:
Announcement
Subject
:
DAYANG ENTERPRISE HOLDINGS BHD ("DAYANG" OR THE "COMPANY")

PROPOSED DISPOSAL BY DAYANG OF 1,800,000 ORDINARY SHARES OF RM1.00 EACH IN SYARIKAT BORCOS SHIPPING SDN BHD ("BORCOS"), REPRESENTING 40% OF THE ISSUED AND PAID-UP CAPITAL OF BORCOS TO AWH EQUITY HOLDINGS SDN BHD ("AWH") FOR A TOTAL CASH CONSIDERATION OF RM135,000,000 ("PROPOSED DISPOSAL")

Contents
:
We refer to the announcement dated 8 December 2010 ("Announcement") in relation to the Proposed Disposal.

On behalf of the Board, OSK wishes to announce that paragraph 3 of Section 4 of the Announcement should read as follows:-

"In addition, the PATMI of Borcos had decreased significantly from RM21,031,139 based on the audited financial statements of Borcos for the FYE 31 December 2009 to RM9,012,180 based on the unaudited financial statements of Borcos for the FPE 30 September 2010".

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the Announcement in relation to the Proposed Disposal.

This announcement is dated 8 December 2010.