TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ALCOM GROUP BERHAD ("AGB" OR THE "COMPANY") ACQUISITION BY AG AVENUE SDN. BHD., A WHOLLY-OWNED INDIRECT SUBSIDIARY OF AGB, OF 2 PARCELS OF CONTIGUOUS LEASEHOLD VACANT COMMERCIAL LAND HELD UNDER THE LAND TITLE NO. PM 17468, LOT 117426 (FORMERLY HELD UNDER PM 416, LOT 31632) AND PM 17467, LOT 117427 (FORMERLY HELD UNDER PM 417, LOT 31633), BOTH OF WHICH ARE LOCATED IN MUKIM KAPAR, TEMPAT BUKIT RAJA, DAERAH KLANG, NEGERI SELANGOR, FOR A TOTAL CASH CONSIDERATION OF RM56,000,000 ("ACQUISITION")
| ALCOM GROUP BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | ALCOM GROUP BERHAD ("AGB" OR THE "COMPANY")
ACQUISITION BY AG AVENUE SDN. BHD., A WHOLLY-OWNED INDIRECT SUBSIDIARY OF AGB, OF 2 PARCELS OF CONTIGUOUS LEASEHOLD VACANT COMMERCIAL LAND HELD UNDER THE LAND TITLE NO. PM 17468, LOT 117426 (FORMERLY HELD UNDER PM 416, LOT 31632) AND PM 17467, LOT 117427 (FORMERLY HELD UNDER PM 417, LOT 31633), BOTH OF WHICH ARE LOCATED IN MUKIM KAPAR, TEMPAT BUKIT RAJA, DAERAH KLANG, NEGERI SELANGOR, FOR A TOTAL CASH CONSIDERATION OF RM56,000,000 ("ACQUISITION") |
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We refer to the previous announcements and the circular to shareholders dated 11 July 2023 in relation to the Acquisition (“Circular”). Unless otherwise defined, the definitions set out in the Circular shall apply herein.
On behalf of the Board, UOBKH wishes to announce that the payment for the Balance Purchase Consideration totaling RM50.40 million pursuant to the SPA has been effected and settled in full on 24 June 2024, hence marking the completion of the Acquisition.
This announcement is dated 24 June 2024. |
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Announcement Info
| Company Name | ALCOM GROUP BERHAD |
| Stock Name | ALCOM |
| Date Announced | 24 Jun 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24062024-00070 |