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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LAGENDA PROPERTIES BERHAD ("LPB" OR THE "COMPANY") ACQUISITION BY LAGENDA MERSING SDN. BHD. (A 70% OWNED INDIRECT SUBSIDIARY OF LPB) OF 2 PARCELS OF FREEHOLD LAND LOCATED IN KELAN KECHIL, MUKIM SENAI, DAERAH KULAI, NEGERI JOHOR FROM SERIEMAS DEVELOPMENT SDN. BERHAD FOR A TOTAL CASH CONSIDERATION OF RM396,358,146.36 ("ACQUISITION")

LAGENDA PROPERTIES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
LAGENDA PROPERTIES BERHAD ("LPB" OR THE "COMPANY")

ACQUISITION BY LAGENDA MERSING SDN. BHD. (A 70% OWNED INDIRECT SUBSIDIARY OF LPB) OF 2 PARCELS OF FREEHOLD LAND LOCATED IN KELAN KECHIL, MUKIM SENAI, DAERAH KULAI, NEGERI JOHOR FROM SERIEMAS DEVELOPMENT SDN. BERHAD FOR A TOTAL CASH CONSIDERATION OF RM396,358,146.36 ("ACQUISITION")

We refer to the previous announcements and the circular to shareholders dated 12 June 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 Parties had, on 10 August 2023, mutually agreed to extend the Conditional Period of the SPA up to 13 November 2023 with the aim to accord the Parties an additional period of 3 months to fulfil the Conditions Precedent.

 

Save for the above, all other terms of the SPA shall remain unchanged and in full force, and continue to take effect and be binding on the Parties to the SPA.

 

This announcement is dated 11 August 2023.






Announcement Info

Company Name LAGENDA PROPERTIES BERHAD
Stock Name LAGENDA
Date Announced 11 Aug 2023
Category General Announcement for PLC
Reference Number GA1-11082023-00022



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