Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

BackAug 06, 2015
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
Disposal of Investment

We refer to our announcements made on 20 June 2014 and 27 June 2014 pertaining to the Share Sale Agreement entered into between Culmen Sdn Bhd, a wholly owned subsidiary of RPB (Culmen) and Ibu Kota Development Sdn Bhd (Ibu Kota) for the sale of 39.99% stake, equivalent to 2,728,267 ordinary shares of RM1.00 each in Menara Ampang Sdn Bhd by Culmen to Ibu Kota for a total cash consideration of RM41,515,000.00.

Both parties are keen to complete this transaction and hence on 5 August 2015 mutually agreed to extend the completion date of the Share Sale Agreement to 30 June 2017.

This announcement is dated 6 August 2015.

 

 





Announcement Info

Company Name RELIANCE PACIFIC BERHAD
Stock Name RPB
Date Announced 06 Aug 2015
Category General Announcement for PLC
Reference Number GA1-06082015-00038