TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS AMALGAMATED INDUSTRIAL STEEL BERHAD ("AISB" OR "COMPANY") PROPOSED ACQUISITION BY PARKWOOD DAMAI SDN BHD (F.K.A AIS MANUFACTURING SDN BHD) A WHOLLY-OWNED SUBSIDIARY OF AISB OF 5 PARCELS OF LEASEHOLD COMMERCIAL LAND WITH EXISTING STRUCTURE IDENTIFIED AS LOT NOS. 70303, 70304, 70305, 70306 AND 70307, HELD UNDER TITLE NOS. PN 22368, PN 22369, PN 22370, PN 22371 AND PN 22372 RESPECTIVELY, ALL WITHIN MUKIM SUNGAI BULOH, DISTRICT OF PETALING, SELANGOR (PROPOSED ACQUISITION) - FULFILLED OF CONDITION
| AMALGAMATED INDUSTRIAL STEEL BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | AMALGAMATED INDUSTRIAL STEEL BERHAD ("AISB" OR "COMPANY")
PROPOSED ACQUISITION BY PARKWOOD DAMAI SDN BHD (F.K.A AIS MANUFACTURING SDN BHD) A WHOLLY-OWNED SUBSIDIARY OF AISB OF 5 PARCELS OF LEASEHOLD COMMERCIAL LAND WITH EXISTING STRUCTURE IDENTIFIED AS LOT NOS. 70303, 70304, 70305, 70306 AND 70307, HELD UNDER TITLE NOS. PN 22368, PN 22369, PN 22370, PN 22371 AND PN 22372 RESPECTIVELY, ALL WITHIN MUKIM SUNGAI BULOH, DISTRICT OF PETALING, SELANGOR (PROPOSED ACQUISITION) - FULFILLED OF CONDITION |
|
We refer to the Company’s announcements dated 14 November 2019, 13 February 2020, 17 March 2020, 17 April 2020 and 15 May 2020 in relation to the Proposed Acquisition. Unless otherwise stated, the definitions used herein shall have the same meanings as those previously defined in the announcement dated 14 November 2019.
The Board wishes to announce that Parkwood Damai Sdn Bhd had on 21 May 2020 notified by its solicitors confirming that Parkwood Damai Sdn Bhd had obtained the State Authority’s Consent. Accordingly, the Condition Precedent as set out in the SPA has been fulfilled today and the SPA has become unconditional on even date.
This announcement is dated 21 May 2020. |
|
Announcement Info
| Company Name | AMALGAMATED INDUSTRIAL STEEL BERHAD |
| Stock Name | AISB |
| Date Announced | 21 May 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21052020-00065 |