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")
Announcement Type: General Announcement for PLC
| Company Name | TIEN WAH PRESS HOLDINGS BERHAD |
| Stock Name | TIENWAH |
| Date Announced | 25 May 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19052015-00089 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | TIEN WAH PRESS HOLDINGS BERHAD ("TWPH" OR "THE COMPANY")
- PROPOSED JOINT VENTURE WITH DONG NAI FOOD INDUSTRIAL CORPORATION, VIETNAM ("DOFICO") |
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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. |
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Please refer attachment below.
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