Tan Chong Motor Holdings

News

Proposed Disposal of 70% Equity Interest in Kereta Komersil Seladang (M) Sdn Bhd ("Proposed Disposal")

BackOct 02, 2009
Type Announcement
Subject Proposed Disposal of 70% Equity Interest in Kereta Komersil Seladang (M) Sdn Bhd ("Proposed Disposal")
Contents We refer to the announcement of Tan Chong Motor Holdings Berhad ("TCMH") made on 1 October 2009 in respect of the Proposed Disposal and provide the following additional information:

(i)The basis and method of valuation carried out by Messrs Horwath as set out in the attachment.

(ii)The highest percentage ratio applicable to the Proposed Disposal pursuant to Paragraph 10.02(g) of the Listing Requirements is 0.05% based on the audited financial statements of TCMH for the financial year ended 31 December 2008.

This announcement is dated 5 October 2009.

 


Announcement Info

Company Name TAN CHONG MOTOR HOLDINGS BERHAD  
Stock Name TCHONG    
Date Announced 2 Oct 2009  
Category General Announcement
Reference No TCM-091002-EC3F3

Attachments

  1. TCHONG_021009.pdf (Size: 43,567 bytes)