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OTHERS Announcement by Parkson Retail Group Limited - Voluntary Announcement on Completion of the Very Substantial Disposal in relation to the Disposal of Properties in Qingdao City and Payment of Taxes

PARKSON HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
Announcement by Parkson Retail Group Limited - Voluntary Announcement on Completion of the Very Substantial Disposal in relation to the Disposal of Properties in Qingdao City and Payment of Taxes
We refer to the Company's announcements dated 9 September 2022, 11 October 2022, 13 October 2022, 28 October 2022 and 15 February 2023 in relation to the announcements made to The Stock Exchange of Hong Kong Limited ("The HKEx") by Parkson Retail Group Limited ("PRGL"), a 54.97% owned subsidiary of the Company listed on The HKEx, in respect of a very substantial disposal in relation to the disposal by Qingdao No. 1 Parkson Co., Ltd. ("Vendor"), an indirect 95.91% owned subsidiary of PRGL, of its properties in Qingdao City, the People’s Republic of China ("Properties") ("Disposal") and the updates in relation thereto ("Earlier Announcements").

Unless otherwise stated, the terms used throughout this announcement shall have the same meaning as defined in the Earlier Announcements.

On 31 May 2024, PRGL had announced the following ("PRGL Announcement"):

(i) that following the completion of the Disposal on 31 January 2023, the Vendor had ceased to be the owner of the Properties;

(ii) the Vendor had on 15 August 2023, received all the Consideration paid by the Purchaser; and

(iii) on 27 May 2024, the Vendor had completed the payment of all its tax expenses payable in relation to the Disposal and the Purchaser had paid the Additional Tax Amount pursuant to the Supplemental Agreement.

A copy of the PRGL Announcement is attached herewith.



Please refer attachment below.

Attachments

PRGL-Announcement.pdf
224.5 kB



Announcement Info

Company Name PARKSON HOLDINGS BERHAD
Stock Name PARKSON
Date Announced 31 May 2024
Category General Announcement for PLC
Reference Number GA1-31052024-00061



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