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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY ARDENT RESIDENCE SDN. BHD. (ARSB OR PURCHASER), A WHOLLY-OWNED SUBSIDIARY OF MCT CONSORTIUM BHD. (MCTCB), WHICH IS A WHOLLY-OWNED SUBSIDIARY OF MCT, OF A PARCEL OF FREEHOLD RESIDENTIAL DEVELOPMENT LAND MEASURING APPROXIMATELY 1.57 ACRES AT BANDAR KUALA LUMPUR (LAND) FROM HPC DEVELOPMENT SDN. BHD. (HPC OR VENDOR) FOR A TOTAL CASH CONSIDERATION OF RM58.0 MILLION

MCT BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
PROPOSED ACQUISITION BY ARDENT RESIDENCE SDN. BHD. (ARSB OR PURCHASER), A WHOLLY-OWNED SUBSIDIARY OF MCT CONSORTIUM BHD. (MCTCB), WHICH IS A WHOLLY-OWNED SUBSIDIARY OF MCT, OF A PARCEL OF FREEHOLD RESIDENTIAL DEVELOPMENT LAND MEASURING APPROXIMATELY 1.57 ACRES AT BANDAR KUALA LUMPUR (LAND) FROM HPC DEVELOPMENT SDN. BHD. (HPC OR VENDOR) FOR A TOTAL CASH CONSIDERATION OF RM58.0 MILLION

(Unless otherwise defined in this announcement, the terms used throughout this announcement shall have the same meaning as defined in the announcement dated 20 Feb 2023 in relation to the Proposed Acquisition.)

 

The Company wishes to announce that ARSB had on 17 April 2023 received notification from its solicitors confirming that the Conditions Precedent of the SPA have been fulfilled.

 

This announcement is dated 17 April 2023.



Announcement Info

Company Name MCT BERHAD
Stock Name MCT
Date Announced 17 Apr 2023
Category General Announcement for PLC
Reference Number GA1-17042023-00070




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