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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS IDEAL SUN CITY HOLDINGS BERHAD ("ISCHB" OR "THE COMPANY") ACQUISITION OF PROPERTIES BY IDEAL PROPERTY CONCEPT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF IDEAL SUN CITY HOLDINGS BERHAD ("ACQUISITION")

IDEAL SUN CITY HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
IDEAL SUN CITY HOLDINGS BERHAD ("ISCHB" OR "THE COMPANY")

ACQUISITION OF PROPERTIES BY IDEAL PROPERTY CONCEPT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF IDEAL SUN CITY HOLDINGS BERHAD ("ACQUISITION")

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 7 January 2016.

We refer to our announcement made on 7 January 2016 in relation to the Acquisition.

The Board of Directors of the Company is pleased to announce that the balance of the purchase consideration of the Acquisition has been fully paid by Ideal Property Concept Sdn. Bhd. to the Vendor of the Properties pursuant to the terms and  conditions of the Agreements.

In relation thereto, the Acquisition is deemed completed.

This announcement is dated 15 March 2016.






Announcement Info

Company Name IDEAL SUN CITY HOLDINGS BERHAD
Stock Name IDEAL
Date Announced 15 Mar 2016
Category General Announcement for PLC
Reference Number GA1-15032016-00029




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