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PRIVATISATION AGREEMENT ENTERED INTO BY F3 CHERAS DEVELOPMENT SDN BHD (F3C), A 70%- OWNED INDIRECT SUBSIDIARY OF MAXIM GLOBAL BERHAD (MAXIM) WITH THE GOVERNMENT OF MALAYSIA AND SYARIKAT TANAH DAN HARTA SDN BHD (PRIVATISATION AGREEMENT)

MAXIM GLOBAL BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-29112023-00001
Subject PRIVATISATION AGREEMENT ENTERED INTO BY F3 CHERAS DEVELOPMENT SDN BHD (F3C), A 70%- OWNED INDIRECT SUBSIDIARY OF MAXIM GLOBAL BERHAD (MAXIM) WITH THE GOVERNMENT OF MALAYSIA AND SYARIKAT TANAH DAN HARTA SDN BHD (PRIVATISATION AGREEMENT)
Description
MAXIM GLOBAL BERHAD ("MAXIM" OR THE "COMPANY") 

PRIVATISATION AGREEMENT ENTERED INTO BY F3 CHERAS DEVELOPMENT SDN BHD ("F3C"), A 70%-OWNED INDIRECT SUBSIDIARY OF MAXIM GLOBAL BERHAD ("MAXIM") WITH THE GOVERNMENT OF MALAYSIA AND SYARIKAT TANAH DAN HARTA SDN BHD
Query Letter Contents

We refer to your Company's announcement dated 28 November 2023, in respect of the aforesaid matter.

 

In this connection, kindly furnish Bursa Malaysia Securities Berhad with the following additional information for public release:-

 

1. Details of land(s) in the land swap i.e. Lot 7145, Mukim Cheras, Daerah Wilayah Persekutuan, pursuant to Part C of Appendix 10A of the Main Market Listing Requirement (whichever is applicable).

 

2. Salient terms and conditions of the Privatisation Agreement.

 

3. Total capital outlay required by F3C to undertake the Project together with the expected commencement and completion date.

 

4. The effect of the Privatisation Agreement on MAXIM, which includes the effect of the transaction on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ direct and/or indirect shareholding of the listed issuer, in tabular form. To also disclose the source of funding for F3C/MAXIM to undertake the Project.

 

5. A statement on whether the Privatisation Agreement is subject to approval of the shareholders and the relevant government authorities.

 

6. A statement on whether the directors, major shareholders or persons connected with a director or major shareholder, have any interest, direct or indirect, in the Privatisation Agreement, and the nature and extent of their interests.

 

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

 

Yours faithfully

 

 

 

Listing

Regulation

 

cc:-   Market Surveillance, Securities Commission

We refer to the query letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 29 November 2023 (bearing reference no. IQL-29112023-00001) and the Company's announcement dated 28 November 2023 in relation to the above captioned matter. 

 

Unless stated otherwise, definitions used in this Announcement shall carry the same meaning as defined in the announcement dated 28 November 2023.   

 

Please refer to the attachment for additional information. 

 

Dated: 30 November 2023



Please refer attachment below.



Announcement Info

Company Name MAXIM GLOBAL BERHAD
Stock Name MAXIM
Date Announced 30 Nov 2023
Category General Announcement for PLC
Reference Number GA1-30112023-00013



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