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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY THE PLACE PROPERTIES SDN. BHD. (TPPSB OR PURCHASER), A WHOLLY-OWNED SUBSIDIARY OF MCT CONSORTIUM BHD. (MCTCB), WHICH IS A WHOLLY-OWNED SUBSIDIARY OF MCT, OF THREE (3) CONTIGUOUS PARCELS OF FREEHOLD RESIDENTIAL DEVELOPMENT LAND MEASURING APPROXIMATELY 15,817.405 SQUARE METRES AT MUKIM KUALA LUMPUR (LAND) FROM SISI TASIK SDN. BHD. (STSB OR VENDOR) FOR A TOTAL CASH CONSIDERATION OF RM64,646,632.00.

MCT BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION BY THE PLACE PROPERTIES SDN. BHD. (TPPSB OR PURCHASER), A WHOLLY-OWNED SUBSIDIARY OF MCT CONSORTIUM BHD. (MCTCB), WHICH IS A WHOLLY-OWNED SUBSIDIARY OF MCT, OF THREE (3) CONTIGUOUS PARCELS OF FREEHOLD RESIDENTIAL DEVELOPMENT LAND MEASURING APPROXIMATELY 15,817.405 SQUARE METRES AT MUKIM KUALA LUMPUR (LAND) FROM SISI TASIK SDN. BHD. (STSB OR VENDOR) FOR A TOTAL CASH CONSIDERATION OF RM64,646,632.00.

(Unless otherwise defined in this announcement, the terms used throughout this announcement shall have the same meaning as defined in the announcement dated 1 March 2023 and 31 March 2023 in relation to the Proposed Acquisition.)

 

The Company wishes to announce that the Balance Purchase Price under the SPA has been fully paid. Accordingly, the Proposed Acquisition is deemed completed on 28 June 2023.

 

This announcement is dated 28 June 2023. 






Announcement Info

Company Name MCT BERHAD
Stock Name MCT
Date Announced 28 Jun 2023
Category General Announcement for PLC
Reference Number GA1-28062023-00083



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