Dato' Sri Sow Chin Chuan and Datin' Sri Chu Kim Guek agreed to acquire Len Cheong Resources Sdn. Bhd from Sand Nisko Capital Berhad (KLSE:SNC) for MYR 1.29 million on March 1, 2022. The Disposal Consideration has been paid in full upon execution of the relevant transfer documents between Sand Nisko Capital Berhad and Dato' Sri Sow and Datin Sri Chu on March 1 2022. The directors of LCR are Dato' Sri Sow Chin Chuan, Datin Seri Chu Kim Guek, Eric Sow Yong Shing, Edward Sow Yuen Seng, Tay Wee Kee and Eugene Sow Chuan Sheng. The cash proceeds from the Disposal Consideration will be utilised by SNC for working capital purposes. SNC Group is not expect to incur any losses arising from the proposed sale.


Dato' Sri Sow Chin Chuan and Datin' Sri Chu Kim Guek completed the acquisition of Len Cheong Resources Sdn. Bhd from Sand Nisko Capital Berhad (KLSE:SNC) for MYR 1.29 million on March 1, 2022.