Submitting Merchant Bank
:
N/A
Company Name
:
GUAN CHONG BERHAD
Stock Name
:
GCB  
Date Announced
:
02/01/2013


Type
:
Announcement
Subject
:
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

Description
:
Guan Chong Berhad ("GCB" or "the Company")
Acquisition of the remaining 51% equity interest in Carlyle Cocoa Co., LCC ("Carlyle") for a total purchase consideration Of USD3,600,000 ("Acquisition")

Attachments
:
Membership Agreement.pdf

Announcement Details/Table Section :


Pursuant to Chapter 10, Paragraph 10.08(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Guan Chong Berhad ("GCB" or "the Company" or "GCB Group") wishes to announce that its wholly-owned subsidiary company GCB America, Inc ("GCB America") had on 26 December 2012 entered into a Membership Interest Purchase Agreement ("the Agreement") to acquire 51% of Michael J. Kostic's ("MJK") membership interest in Carlyle Cocoa Co., LLC ("Carlyle"), a limited liability company formed under the laws of the State of Delaware, United States of America ("U.S.A.."), for cash consideration totaling USD3,600,000 ("Acquisition"). Upon completion of the Acquisition, Carlyle shall become a wholly-owned sub-subsidiary of GCB.

Further details of the Acquisition are set out in the attachment enclosed.

This announcement is dated 2 January 2013.


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