TIENWAH - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TIEN WAH PRESS HOLDINGS BERHAD ("TWPH" OR "THE COMPANY") - PROPOSED JOINT VENTURE WITH DONG NAI FOOD INDUSTRIAL CORPORATION, VIETNAM ("DOFICO")
|Company Name||TIEN WAH PRESS HOLDINGS BERHAD|
|Date Announced||25 May 2015|
|Category||General Announcement for PLC|
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
TIEN WAH PRESS HOLDINGS BERHAD ("TWPH" OR "THE COMPANY") - PROPOSED JOINT VENTURE WITH DONG NAI FOOD INDUSTRIAL CORPORATION, VIETNAM ("DOFICO")
The Board of Directors of the Company wishes to announce that the Company had on 24 May 2015 entered into a strategic joint venture agreement (“Proposed Joint Venture”) with Toyo (Viet) Paper Product Co. Ltd (“TVP”) and DOFICO vide sale of 50% of TVP to DOFICO for an estimate total cash consideration of USD1.6 million to secure DOFICO print packaging volume. TVP shall be recognise as a Jointly Controlled Entity of TWPH upon completion of the Proposed Joint Venture.
Please refer to the attached file for details of the announcement.
This announcement is dated 25 May 2015.
Please refer attachment below.