M+ Global
  • Rewards up to RM482 waiting for you (StockBiz members Only)
  • Rewards up to RM482 waiting for you (StockBiz members Only)
Claim my rewards Now
premium Subscription Plan
add free StockBiz
YouTube MS Production

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


TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY THE PLACE PROPERTIES SDN. BHD. (TPPSB OR PURCHASER), A WHOLLY-OWNED SUBSIDIARY OF MCT CONSORTIUM BHD. (MCTCB), WHICH IS A WHOLLY-OWNED SUBSIDIARY OF MCT, OF THREE (3) CONTIGUOUS PARCELS OF FREEHOLD RESIDENTIAL DEVELOPMENT LAND MEASURING APPROXIMATELY 15,817.405 SQUARE METRES AT MUKIM KUALA LUMPUR (LAND) FROM SISI TASIK SDN. BHD. (STSB OR VENDOR) FOR A TOTAL CASH CONSIDERATION OF RM64,646,632.00.

MCT BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
PROPOSED ACQUISITION BY THE PLACE PROPERTIES SDN. BHD. (TPPSB OR PURCHASER), A WHOLLY-OWNED SUBSIDIARY OF MCT CONSORTIUM BHD. (MCTCB), WHICH IS A WHOLLY-OWNED SUBSIDIARY OF MCT, OF THREE (3) CONTIGUOUS PARCELS OF FREEHOLD RESIDENTIAL DEVELOPMENT LAND MEASURING APPROXIMATELY 15,817.405 SQUARE METRES AT MUKIM KUALA LUMPUR (LAND) FROM SISI TASIK SDN. BHD. (STSB OR VENDOR) FOR A TOTAL CASH CONSIDERATION OF RM64,646,632.00.

(Unless otherwise defined in this announcement, the terms used throughout this announcement shall have the same meaning as defined in the announcement dated 1 March 2023 in relation to the Proposed Acquisition.)

 

The Company wishes to announce that TPPSB had on 30 March 2023 received notification from its solicitors confirming that the Condition Precedent of the SPA have been fulfilled. Accordingly, the SPA for the Proposed Acquisition has now become unconditional.

 

This announcement is dated 31 March 2023.



Announcement Info

Company Name MCT BERHAD
Stock Name MCT
Date Announced 31 Mar 2023
Category General Announcement for PLC
Reference Number GA1-31032023-00045




Close
New Feature
MS Academy
Window Alert On-Screen Alert X
X