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OTHERS PROPOSED ACQUISITION OF 184,856,447 ORDINARY SHARES IN BOUSTEAD CRUISE CENTRE SDN BHD ("BCC") REPRESENTING 50.0% ORDINARY EQUITY INTEREST IN BCC BY KLANG PORT MANAGEMENT SDN BHD ("KPM") FROM BOUSTEAD HOLDINGS BERHAD ("BHB" OR THE "VENDOR") FOR A CASH CONSIDERATION OF RM115.0 MILLION ("PROPOSED 50% BCC ACQUISITION")

MMC CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
PROPOSED ACQUISITION OF 184,856,447 ORDINARY SHARES IN BOUSTEAD CRUISE CENTRE SDN BHD ("BCC") REPRESENTING 50.0% ORDINARY EQUITY INTEREST IN BCC BY KLANG PORT MANAGEMENT SDN BHD ("KPM") FROM BOUSTEAD HOLDINGS BERHAD ("BHB" OR THE "VENDOR") FOR A CASH CONSIDERATION OF RM115.0 MILLION ("PROPOSED 50% BCC ACQUISITION")

We refer to our announcement on 19 March 2021 in relation to the Proposed 50% BCC Acquisition (“Announcement”). Unless otherwise defined, the definitions used herein shall have the same meaning as defined in the Announcement.

MMC wishes to announce that on 10 September 2021, the parties to the SSPA have agreed to extend the date by which KPM and WHB are required to obtain the approval from the Economic Planning Unit of the Prime Minister’s Department pursuant to the Guideline on the Acquisition of Properties to 31 October 2021.

Save in respect of the foregoing, all the other terms of the SSPA remain unchanged.

MMC will make further announcements if there are any material developments to the Proposed 50% BCC Acquisition.

This announcement is dated 10 September 2021.






Announcement Info

Company Name MMC CORPORATION BERHAD
Stock Name MMCCORP
Date Announced 10 Sep 2021
Category General Announcement for PLC
Reference Number GA1-10092021-00049




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