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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MEGA SUN CITY HOLDINGS BERHAD (FORMERLY KNOWN AS IDEAL SUN CITY HOLDINGS BERHAD) ("MEGA SUN" OR "COMPANY") PROPOSED ACQUISITION BY IDEAL CONSORTIUM SDN BHD, A WHOLLY OWNED SUBSIDIARY OF MEGA SUN FROM IDEAL CONCEPT INTELLIGENCE SDN BHD OF 40 UNITS OF STRATIFIED COMMERCIAL SPACE KNOWN AS THE C.E.O. LOCATED AT LOT 20060 HELD UNDER PAJAKAN NEGERI HAKMILIK NO. 9034, MUKIM 13, DAERAH TIMOR LAUT, PENANG FOR A TOTAL CONSIDERATION OF RM14,915,000 ("PROPOSED ACQUISITION")

MEGA SUN CITY HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
MEGA SUN CITY HOLDINGS BERHAD (FORMERLY KNOWN AS IDEAL SUN CITY HOLDINGS BERHAD) ("MEGA SUN" OR "COMPANY")

PROPOSED ACQUISITION BY IDEAL CONSORTIUM SDN BHD, A WHOLLY OWNED SUBSIDIARY OF MEGA SUN FROM IDEAL CONCEPT INTELLIGENCE SDN BHD OF 40 UNITS OF STRATIFIED COMMERCIAL SPACE KNOWN AS THE C.E.O. LOCATED AT LOT 20060 HELD UNDER PAJAKAN NEGERI HAKMILIK NO. 9034, MUKIM 13, DAERAH TIMOR LAUT, PENANG FOR A TOTAL CONSIDERATION OF RM14,915,000 ("PROPOSED ACQUISITION")

(Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the earlier announcements in relation to the Proposed Acquisition)

 

On behalf of the Company, M&A Securities wishes to announce that an application has been submitted to Bursa Securities for an extension of time up to 7 November 2016 to issue the circular to shareholders in relation to the Proposed Acquisition.

 

 

This announcement is dated 24 October 2016.

 

 






Announcement Info

Company Name MEGA SUN CITY HOLDINGS BERHAD
Stock Name MEGASUN
Date Announced 24 Oct 2016
Category General Announcement for PLC
Reference Number GA1-24102016-00077




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