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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)

For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the announcement unless otherwise defined herein.

Reference is made to the Company’s announcements dated 20 November 2023 and 19 December 2023 in relation to the same.

The Company wishes to announce that the Parties have mutually agreed to extend the Stop Date for a further period of two (2) weeks from 19 February 2024 to 4 March 2024, it was due to the Parties need additional time to facilitate final stage of the negotiation and finalisation of the Formal Agreement.

In view of the aforesaid extension of time, save for the foregoing agreement, all other terms of the Term Sheet shall remain intact and be of full force and effect.

This announcement is dated 19 February 2024.






Announcement Info

Company Name XL HOLDINGS BERHAD
Stock Name XL
Date Announced 19 Feb 2024
Category General Announcement for PLC
Reference Number GA1-19022024-00039



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