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MULTIPLE PROPOSALS DAMANSARA REALTY BERHAD ("DBHD" OR THE "COMPANY") (I) JOINT VENTURE; (II) SETTLEMENT; AND (III) PROVISION OF FINANCIAL ASSISTANCE (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")

DAMANSARA REALTY BHD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
DAMANSARA REALTY BERHAD ("DBHD" OR THE "COMPANY")

(I)	JOINT VENTURE;

(II)	SETTLEMENT; AND

(III)	PROVISION OF FINANCIAL ASSISTANCE

(COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES")

Unless otherwise stated, the terms used herein shall have the same meaning as defined in the circular to shareholders dated 27 March 2017 in relation to the Corporate Exercises.

 

We refer to the previous announcements dated 14 October 2016, 3 January 2017, 20 February 2017, 9 March 2017, 24 March 2017, 11 April 2017, 24 November 2017, 18 January 2018 and 1 October 2019 in relation to the Corporate Exercises.

 

On behalf of the Board, RHB Investment Bank wishes to announce that DAC Land and DRJ (as the purchasers) together with JLand and JCorp (as the vendor and proprietor respectively) had, via exchanged of letters dated 30 December 2019 and 1 January 2020, mutually agreed to further extend the payment date of the balance Purchase Consideration under the SPA 2 and the Repurchase Price under the Settlement Agreement from 1 January 2020 to 29 February 2020.

 

This announcement is dated 2 January 2020.






Announcement Info

Company Name DAMANSARA REALTY BHD
Stock Name DBHD
Date Announced 02 Jan 2020
Category General Announcement for PLC
Reference Number GA1-02012020-00016