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BackJan 29, 2016
Type Announcement
Subject OTHERS
Description
SINO HUA-AN INTERNATIONAL BERHAD ("HUA-AN" OR "THE COMPANY")
- LEASE AGREEMENT ENTERED BETWEEN LINYI YEHUA COKING CO. LTD ("YEHUA") AND  LINYI XIN JIANG QUAN METAL MATERIAL TECHNOLOGY CO. LTD ("XJQ")

The Board of Directors of Hua-An wishes to announce that Yehua, a wholly-owned subsidiary of Hua-An, had entered into a Lease Agreement with XJQ ("Leasee") on 29 January 2016, for the leasing of some of its coking ovens, namely ovens #1, #2 and #3 and its ancillary facilities located at Yehua to the Leasee at a lease rental of RMB20.0 million [Renminbi: Twenty Million only (approximately RM13.0 million)] per annum payable in advance on monthly basis. The lease shall be for a period of one (1) year commencing 1 February 2016, with an option to renew subject to mutual agreement between both parties (“the Lease”).

Please refer to the attachment for further details of the Lease.

This announcement is dated 29 January 2016.

 



Please refer attachment below.

 

Announcement Info

Company Name SINO HUA-AN INTERNATIONAL BERHAD
Stock Name HUAAN
Date Announced 29 Jan 2016
Category General Announcement for PLC
Reference Number GA1-29012016-00046

Attachments

  1. Announcement_-_Lease_Agreement.pdf (Size: 67,297 bytes)