Mercury Securities
  • Try MST28 trading from Mercury Securities with rates as low as 0.05%.
  • Earn MS Coin when you trade with MST28. Check out MST28.
  • Try MST28 trading from Mercury Securities with rates as low as 0.05%.
  • Get FREE real time quotes on our website & App. Check out MST28.
Open Trading Account
add free Download App
premium Premium Account

Last Price Change Volume
Open: Day Range: Prev Close:


OTHERS BINTAI KINDEN CORPORATION BERHAD ("BINTAI") - BUSINESS COLLABORATION AGREEMENT BETWEEN BINTAI AND INTERNATIONAL EQUITIES CORPORATION LIMITED (BUSINESS COLLABORATION)

BINTAI KINDEN CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
BINTAI KINDEN CORPORATION BERHAD ("BINTAI") -
BUSINESS COLLABORATION AGREEMENT BETWEEN BINTAI AND INTERNATIONAL EQUITIES CORPORATION LIMITED (BUSINESS COLLABORATION)

(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the earlier announcements dated 25 January 2021 in relation to the Business Collaboration and 28 April 2021 in relation to the Proposals)

 

Reference is made to the Company’s announcement dated 25 January 2021 in relation to the Business Collaboration. On 28 April 2021, the Company announced that it has resolved to defer its plans to undertake the development of Holistica Melaka to concentrate on Bintai’s financial resources towards the Proposed Acquisition and its existing businesses. As such, the Company has on 23 July 2021 and 3 August 2021 written to International Equities Corporation Limited (“IECL”) to seek their agreement for the following:

 

  1. deferment of the proposed development of Holistica Melaka on the Melaka Development Land under the Business Collaboration Agreement indefinitely; and
  2. removal of all expressions, terms and references used and/or made in relation to Holistica Melaka and/or Melaka Development Land in the Business Collaboration Agreement.

 

In relation thereto, the Company wishes to announce that IECL has on 5 August 2021 provide their written agreement for the above proposals.

 

Save for the above, other terms and conditions of the Business Collaboration Agreement remain unchanged.

 

This announcement is dated 5 August 2021.






Announcement Info

Company Name BINTAI KINDEN CORPORATION BERHAD
Stock Name BINTAI
Date Announced 05 Aug 2021
Category General Announcement for PLC
Reference Number GA1-05082021-00101




Close