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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PRG HOLDINGS BERHAD ("PRG" OR "THE COMPANY") TERMINATION OF SUBSCRIPTION AGREEMENT

PRG HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PRG HOLDINGS BERHAD ("PRG" OR "THE COMPANY") 
TERMINATION OF SUBSCRIPTION AGREEMENT
(For consistency purposes, the abbreviations used in this announcement are the same as those defined in the previous announcement on the Subscription Agreement, unless otherwise defined herein.)

Reference is made to the Company’s announcements on 4 December 2019, 10 February 2020, 30 April 2020 and 1 September 2020 on the Subscription Agreement between PRG Asset Sdn Bhd, a wholly-owned subsidiary of the Company, MSK Plantation Sdn Bhd and Teh Choon Yean.

The Board of Directors of the Company wishes to announce that the parties to the Subscription Agreement have mutually agreed in writing on 5 February 2021 to terminate the Subscription Agreement due to non-fulfillment of the conditions precedent stipulated in the Subscription Agreement.

This announcement is dated 5 February 2021.





Announcement Info

Company Name PRG HOLDINGS BERHAD
Stock Name PRG
Date Announced 05 Feb 2021
Category General Announcement for PLC
Reference Number GA1-24072020-00018




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