We refer to the announcements dated 13 February 2023, 10 April 2023, 11 April 2023 and 19 April 2023 in relation to the Proposed Acquisition. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.
On behalf of the Board of Directors of LPB, UOBKH wishes to announce that the final purchase consideration of the Subject Lands is RM396,358,146.36 based on the final land area size of 433.2124 hectares (“Confirmation”), as confirmed by the Vendor via its letter dated 7 June 2023 on the premise of the following:-
- Clause 3.5(a) of the SPA;
- the report from the licensed surveyor dated 3 March 2023;
- the letter from the licensed surveyor dated 14 March 2023; and
- the letter from the Purchaser’s solicitors dated 4 April 2023.
This announcement is dated 8 June 2023.