OTHERS EXECUTION OF A SHARE SALE AGREEMENT BETWEEN UMW SINGAPORE VENTURES PTE LTD (“UMWSV”) AND MR NEO TECK SENG IN RESPECT OF THE DIVESTMENT OF UMWSV’S 60% SHAREHOLDING IN OFFSHORE CONSTRUCTION SERVICES PTE LTD (“OCS”) TO MR NEO TECK SENG
| UMW HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | EXECUTION OF A SHARE SALE AGREEMENT BETWEEN UMW SINGAPORE VENTURES PTE LTD (“UMWSV”) AND MR NEO TECK SENG IN RESPECT OF THE DIVESTMENT OF UMWSV’S 60% SHAREHOLDING IN OFFSHORE CONSTRUCTION SERVICES PTE LTD (“OCS”) TO MR NEO TECK SENG |
Further to our announcement made on 5th November 2012 in relation to the above matter, we wish to announce that all the terms and conditions of the Share Sale Agreement have been fulfilled and the disposal of UMWSV’s 60% shareholding in OCS to Mr Neo Teck Seng is now completed. As such, OCS is no longer a subsidiary in the UMW Group. This announcement is dated 7th December 2012. cc - Securities Commission | |
Announcement Info
| Company Name | UMW HOLDINGS BERHAD |
| Stock Name | UMW |
| Date Announced | 7 Dec 2012 |
| Category | General Announcement |
| Reference No | UH-121207-50957 |