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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS LANDMARKS BERHAD ("LANDMARKS" OR "COMPANY") PROPOSED DISPOSALS FOR A TOTAL AGGREGATE CONSIDERATION OF SGD63.40 MILLION (EQUIVALENT TO APPROXIMATELY RM195.10 MILLION) TO BE SATISFIED VIA THE ISSUANCE OF NEW ORDINARY SHARES IN BLUMONT GROUP LTD ("BLUMONT")

LANDMARKS BERHAD

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

PROPOSED DISPOSALS FOR A TOTAL AGGREGATE CONSIDERATION OF SGD63.40 MILLION (EQUIVALENT TO APPROXIMATELY RM195.10 MILLION) TO BE SATISFIED VIA THE ISSUANCE OF NEW ORDINARY SHARES IN BLUMONT GROUP LTD ("BLUMONT")

Reference is made to the Company’s announcement dated 1 October 2021 in relation to the Proposed Disposals (“Announcement”). Unless otherwise defined, the definitions used in this announcement shall have the same meanings as those defined in the Announcement.

On 1 October 2021, on behalf of the Board of Directors of Landmarks, HLIB had announced that Landmarks is proposing to undertake the Proposed Disposals. Pursuant to Paragraph 9.33(1)(a) of the Main Market Listing Requirements of Bursa Securities, the Company must submit the draft circular in relation to the Proposed Disposals to Bursa Securities within 2 months from the date of the announcement or the date the last approval necessary for the Proposed Disposals is obtained from the relevant authority, whichever is the later.

On behalf of the Board of Directors of Landmarks, HLIB wishes to inform that Landmarks is still in the midst of preparing the draft circular to Bursa Securities in relation to the Proposed Disposals. The said draft circular is expected to be submitted to Bursa Securities by end December 2021.

This announcement is dated 1 December 2021.






Announcement Info

Company Name LANDMARKS BERHAD
Stock Name LANDMRK
Date Announced 01 Dec 2021
Category General Announcement for PLC
Reference Number GA1-01122021-00049




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