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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS RADIUM DEVELOPMENT BERHAD ("RADIUM" OR "THE COMPANY") PROPOSED ACQUISITION BY RADIUM GLOBAL SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF RADIUM DEVELOPMENT BERHAD OF A PIECE OF FREEHOLD LAND HELD UNDER GM 9196, NO. LOT/PT 38323, MUKIM PETALING, DAERAH KUALA LUMPUR, NEGERI WILAYAH PERSEKUTUAN AND A PIECE OF LEASEHOLD LAND HELD UNDER PN 30685, NO. LOT/PT 31955, MUKIM PETALING, DAERAH KUALA LUMPUR, NEGERI WILAYAH PERSEKUTUAN FOR A TOTAL PURCHASE CONSIDERATION OF RM71,789,364.00 ("PROPOSED ACQUISITION")

RADIUM DEVELOPMENT BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
RADIUM DEVELOPMENT BERHAD ("RADIUM" OR "THE COMPANY")
PROPOSED ACQUISITION BY RADIUM GLOBAL SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF RADIUM DEVELOPMENT BERHAD OF A PIECE OF FREEHOLD LAND HELD UNDER GM 9196, NO. LOT/PT 38323, MUKIM PETALING, DAERAH KUALA LUMPUR, NEGERI WILAYAH PERSEKUTUAN AND A PIECE OF LEASEHOLD LAND HELD UNDER PN 30685, NO. LOT/PT 31955, MUKIM PETALING, DAERAH KUALA LUMPUR, NEGERI WILAYAH PERSEKUTUAN FOR A TOTAL PURCHASE CONSIDERATION OF RM71,789,364.00 ("PROPOSED ACQUISITION")

(Unless otherwise defined in this announcement, the terms used throughout this announcement shall have the same meaning as defined in the announcement dated 9 June 2023 in relation to the Proposed Acquisition.)

 

The Company wishes to announce that the Conditions Precedent of the SPA have been fulfilled and thus the SPA become unconditional on 10 July 2023. Radium Global had on 4 August 2023 received notification from its solicitors confirming the balance of Purchase Price has been fully paid on 3 August 2023. Accordingly, the Proposed Acquisition is deemed completed on 4 August 2023 pursuant to the SPA.

 

This announcement is dated 4 August 2023.






Announcement Info

Company Name RADIUM DEVELOPMENT BERHAD
Stock Name RADIUM
Date Announced 04 Aug 2023
Category General Announcement for PLC
Reference Number GA1-02082023-00019



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