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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS BONIA COPORATION BERHAD ("BONIA" OR "COMPANY") PROPOSED DISPOSAL BY BONIA TO MR. CHIANG SANG SEM ("MR. CHIANG" OR "PURCHASER") OF ITS ENTIRE EQUITY INTEREST IN MAHA ASIA CAPITAL SDN BHD ("MAHA ASIA"), A WHOLLY-OWNED SUBSIDIARY OF BONIA ("PROPOSED DISPOSAL")

BONIA CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
BONIA COPORATION BERHAD ("BONIA" OR "COMPANY") 

PROPOSED DISPOSAL BY BONIA TO MR. CHIANG SANG SEM ("MR. CHIANG" OR "PURCHASER") OF ITS ENTIRE EQUITY INTEREST IN MAHA ASIA CAPITAL SDN BHD ("MAHA ASIA"), A WHOLLY-OWNED SUBSIDIARY OF BONIA ("PROPOSED DISPOSAL")

This announcement is dated 5 April 2019.

 

We refer to the announcement made on 8 May 2018, 15 May 2018, 9 August 2018 and 4 October 2018 in relation to the Proposed Disposal (“Announcement”).  Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

 

On behalf of the Board of Directors of the Company, AmInvestment Bank Berhad wishes to announce that the parties have agreed vide a supplementary letter dated 5 April 2019 to extend the Conditions Precedent Cut-Off Date for a period of 6 months from 7 April 2019 to 7 October 2019.

 

The remaining CPs to be fulfilled are:

 

(i)      the Purchaser shall be satisfied with the legal and financial due diligence on the Maha Asia that may be carried out by the Purchaser and/or the Purchaser’s consultants; and

 

(ii)      the Purchaser shall have been satisfied, at the Purchaser’s enquiry and investigation, that the Maha Asia Property is not subject to any compulsory land acquisition or setbacks of buildings erected or to be erected on the Maha Asia Property, surrender of any part of the Maha Asia Property to the local authority or impediments to the Maha Asia Property be it due to the mass rapid transit system 2 (Sungai Buloh–Serdang–Putrajaya line), Kuala Lumpur-Singapore high speed rail or any other rail, road or transportation project.






Announcement Info

Company Name BONIA CORPORATION BERHAD
Stock Name BONIA
Date Announced 05 Apr 2019
Category General Announcement for PLC
Reference Number GA1-05042019-00051




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