OTHERS EXECUTION OF A SALE AND PURCHASE AGREEMENT BETWEEN VINA OFFSHORE HOLDINGS PTE LTD (“VINA”) AND TECHNICS OFFSHORE ENGINEERING PTE LTD (“TECHNICS”) IN RESPECT OF THE DISPOSAL OF VINA’S 100% CHARTER CAPITAL OF VND53.360 BILLION IN VIETNAM OFFSHORE FABRICATION & ENGINEERING CO LTD (“VOFE”) TO TECHNICS (“THE PROPOSED DISPOSAL”)
| UMW HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | EXECUTION OF A SALE AND PURCHASE AGREEMENT BETWEEN VINA OFFSHORE HOLDINGS PTE LTD (“VINA”) AND TECHNICS OFFSHORE ENGINEERING PTE LTD (“TECHNICS”) IN RESPECT OF THE DISPOSAL OF VINA’S 100% CHARTER CAPITAL OF VND53.360 BILLION IN VIETNAM OFFSHORE FABRICATION & ENGINEERING CO LTD (“VOFE”) TO TECHNICS (“THE PROPOSED DISPOSAL”) |
Further to our announcement made on 16th May 2012 in relation to the Proposed Disposal, we wish to announce that we have received notification that TECHNICS has received the Investment Certificate from the Management Board of Ba Ria - Vung Tau Industrial Zone, approving the capital transfer of VOFE to TECHNICS. With the completion of the Proposed Disposal, VOFE is no longer a subsidiary in the UMW Group.
| |
Announcement Info
| Company Name | UMW HOLDINGS BERHAD |
| Stock Name | UMW |
| Date Announced | 30 Aug 2012 |
| Category | General Announcement |
| Reference No | UH-120830-35237 |