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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XL HOLDINGS BERHAD (XLHB OR COMPANY) - TERM SHEET IN RESPECT OF THE PROPOSED INVESTMENT BY THE COMPANY IN 25% EQUITY OF SAMAJUTERA SDN. BHD. (SSB) FOR THE PURPOSE OF ENGAGING IN SEAWEED CULTIVATION ACTIVITIES THROUGH SSB'S 70% OWNED SUBSIDIARY, WAF HOLDING SDN. BHD. (PROPOSED INVESTMENT)

XL HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
XL HOLDINGS BERHAD (XLHB OR COMPANY) 
- TERM SHEET IN RESPECT OF THE PROPOSED INVESTMENT BY THE COMPANY IN 25% EQUITY OF SAMAJUTERA SDN. BHD. (SSB) FOR THE PURPOSE OF ENGAGING IN SEAWEED CULTIVATION ACTIVITIES THROUGH SSB'S 70% OWNED SUBSIDIARY, WAF HOLDING SDN. BHD. (PROPOSED INVESTMENT)

The Board of Directors of XLHB wishes to announce that the Company had on 20 November 2023 entered into a binding term sheet with Encik Ahmad Marzuki Bin Hj Nasir @ Abdu Salam and Mr. Wong Kiong Lien, in respect of the Proposed Investment.

Please refer to the attachment for details of the announcement.

This announcement is dated 20 November 2023.




Please refer attachment below.



Announcement Info

Company Name XL HOLDINGS BERHAD
Stock Name XL
Date Announced 20 Nov 2023
Category General Announcement for PLC
Reference Number GA1-20112023-00058




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