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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ATLAN HOLDINGS BHD. (AHB OR THE COMPANY) ACQUISITION OF THE REMAINING SHARES IN DFZ CAPITAL SDN. BHD. ("DFZ") BY DUTY FREE INTERNATIONAL LIMITED ("DFI"), A SUBSIDIARY OF THE COMPANY

ATLAN HOLDINGS BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
ATLAN HOLDINGS BHD. (AHB OR THE COMPANY)
ACQUISITION OF THE REMAINING SHARES IN DFZ CAPITAL SDN. BHD. ("DFZ") BY DUTY FREE INTERNATIONAL LIMITED ("DFI"), A SUBSIDIARY OF THE COMPANY

The Board of Directors of AHB (“Board”) wishes to announce that DFI entered into a Termination Deed (“Deed”) with DFZ and Heinemann Asia Pacific Pte. Ltd. ("HAP") to purchase the Deadlock Shares, representing 15% plus one ordinary share of the total issued share capital in DFZ at the purchase consideration of RM45,800,000.00 from HAP ("Acquisition") and the termination of ancillary agreements entered into between DFI, DFZ and HAP, upon the terms and conditions as stipulated in the Deed.  

 

Please refer to the attachment for the details of the above Acquisition.

 

A copy of DFI’s announcement dated 7 December 2021 to the Singapore Exchange Securities Trading Limited in respect of the Acquisition is attached herein for easy reference.

 

This announcement is dated 7 December 2021.




Please refer attachment below.



Announcement Info

Company Name ATLAN HOLDINGS BHD
Stock Name ATLAN
Date Announced 07 Dec 2021
Category General Announcement for PLC
Reference Number GA1-03122021-00008




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