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