OTHERS RHONG KHEN INTERNATIONAL BERHAD ("RKIB" OR "THE COMPANY") - IN-PRINCIPLE AGREEMENT ON CAPITAL TRANSFER ENTERED INTO BETWEEN L-TREE RESOURCES SDN. BHD., RK RESOURCES CO. LTD. AND MAIDELI PTE. LTD.
| RHONG KHEN INTERNATIONAL BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | RHONG KHEN INTERNATIONAL BERHAD ("RKIB" OR "THE COMPANY")
- IN-PRINCIPLE AGREEMENT ON CAPITAL TRANSFER ENTERED INTO BETWEEN L-TREE RESOURCES SDN. BHD., RK RESOURCES CO. LTD. AND MAIDELI PTE. LTD. |
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The Board of Directors of the Company wishes to announce that L-Tree Resources Sdn. Bhd. (“LTRSB”) and RK Resources Co. Ltd., both wholly-owned subsidiaries of the Company had on 23 January 2025 entered into an In-Principle Agreement with Maideli Pte. Ltd. (“Maideli”) pertaining to the transfer of 100% capital contribution ("equity") in RT Industries Company Limited, a wholly-owned subsidiary of LTRSB to Maideli for a total sale consideration of United States Dollars (“USD”) Seven Million One Hundred Fifteen Thousand and Twenty (USD7,115,020.00) (equivalent to RM31,661,839 based on exchange rate of RM4.45) (“Disposal”).
Please refer to the attachment for further details on the Disposal.
This announcement is dated 23 January 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | RHONG KHEN INTERNATIONAL BERHAD |
| Stock Name | RKI |
| Date Announced | 23 Jan 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22012025-00010 |
