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OTHERS PROPOSED ACQUISITION OF 2,500,000 ORDINARY SHARES REPRESENTING 50% EQUITY INTEREST IN RETRO HIGHLAND SDN BHD (A JOINT-VENTURE COMPANY BETWEEN TRADEWINDS CORPORATION BERHAD AND S P SETIA BERHAD) BY MMC LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MMC, FROM TRADEWINDS CORPORATION BERHAD

MMC CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
PROPOSED ACQUISITION OF 2,500,000 ORDINARY SHARES REPRESENTING 50% EQUITY INTEREST IN RETRO HIGHLAND SDN BHD (A JOINT-VENTURE COMPANY BETWEEN TRADEWINDS CORPORATION BERHAD AND S P SETIA BERHAD) BY MMC LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MMC, FROM TRADEWINDS CORPORATION BERHAD

We refer to our announcement dated 22 March 2021 (“Announcement”) in relation to the Proposed 50% Retro Highland Acquisition. Unless otherwise stated, the abbreviations used herein shall have the same meaning as defined in the Announcement.

MMC wishes to announce that on 6 July 2021, the SSA has become unconditional and the Proposed 50% Retro Highland Acquisition has been completed today in accordance with the terms of the SSA.

Following the completion of the Proposed 50% Retro Highland Acquisition, MMC Land, a wholly-owned subsidiary of MMC, has become a 50% shareholder of Retro Highland.

This announcement is dated 6 July 2021.






Announcement Info

Company Name MMC CORPORATION BERHAD
Stock Name MMCCORP
Date Announced 06 Jul 2021
Category General Announcement for PLC
Reference Number GA1-02072021-00017




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