Code of
Conduct
Announcements
Date
Title
8/2/17
Announcements by China Yuchai International Limited and HL Global Enterprises Limited
30/12/16
Update on the Proposed Sale of Land by Rex Plastics (Malaysia) Sdn. Bhd
On 31 March 2015, the Board of Directors of Hong Leong Asia Ltd. (the "Company", and its subsidiaries) announced that its indirect whollyowned subsidiary, Rex Plastics (Malaysia) Sdn. Bhd., had entered into a a sale and purchase agreement (the "Agreement") with Aspen Vision Synergy Sdn. Bhd. (the "Purchaser"), an unrelated third party, for the sale of a piece of land in Negeri Selangor Darul Ehsan, Malaysia (more particularly described in the announcement on 31 March 2015) (the "Land") subject to the terms and conditions of the Agreement (the "Disposal").
The Agreement stipulated that completion of the Disposal was subject to and conditional upon, inter alia, the written approval, from the relevant authority in Malaysia, for the conversion of the category of the Land use from "Perusahaan" to "Bangunan" and the express condition of the Land from "Perusahaan" to "Komersial" (the "Conversion Approval") being obtained by the Purchaser. As the Conversion Approval could not be obtained by 31 December 2016, the time mutually agreed by the parties for this purpose, both parties have agreed to allow the Agreement to lapse on 31 December 2016.
By Order of the Board
HONG LEONG ASIA LTD.
Ng Siew Ping, Jaslin
Yeo Swee Gim, Joanne
Company Secretaries
30 December 2016
9/11/16
Update on the Proposed Merger of the Consumer Product Businesses of HLA Group and Guangzhou Wanbao Group Co., Ltd
On 13 May 2016, the Board of Directors ("Board") of Hong Leong Asia Ltd. ("HLA" or the "Company", and together with its subsidiaries, the "Group") announced that its wholly-owned subsidiary, Hong Leong Electric Pte. Ltd. ("HLE") had entered into a binding Memorandum of General Agreement ("MOGA") with Guangzhou Wanbao Group Co., Ltd ("GWG") in relation to a proposed joint venture between GWG and HLE (the "Parties") to establish a joint venture company ("JV Co") to merge the consumer product businesses of the Xinfei Companies and the Wanbao Companies (both the capitalized terms were defined in the announcement on 13 May 2016) (the "Proposed Merger").
The Board wishes to announce that no definitive agreement has been reached between the Parties on the Proposed Merger by 8 November 2016, being the expiration date of the period of exclusivity as provided in the MOGA.
The Board and Management will continue their efforts to improve the operations of the Group's consumer products unit and explore other strategic opportunities.
By Order of the Board
HONG LEONG ASIA LTD.
Ng Siew Ping, Jaslin
Yeo Swee Gim, Joanne
Company Secretaries
9 November 2016