TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS NATIONWIDE EXPRESS HOLDINGS BERHAD ("NEHB" OR THE "COMPANY") PROPOSED DISPOSAL BY NATIONWIDE EXPRESS COURIER SERVICES BERHAD, A WHOLLY-OWNED SUBSIDIARY COMPANY OF NEHB OF A PARCEL OF LEASEHOLD INDUSTRIAL LAND HELD UNDER HSD 168513, TOWN OF SHAH ALAM, DISTRICT OF PETALING, SELANGOR DARUL EHSAN TOGETHER WITH BUILDINGS ERECTED ON THE LAND ("PROPERTY") TO RUBICON LEXINGTON SDN BHD, FOR A DISPOSAL CONSIDERATION OF RM19,400,000 TO BE SATISFIED VIA CASH ("PROPOSED DISPOSAL")
| NATIONWIDE EXPRESS HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | NATIONWIDE EXPRESS HOLDINGS BERHAD ("NEHB" OR THE "COMPANY")
PROPOSED DISPOSAL BY NATIONWIDE EXPRESS COURIER SERVICES BERHAD, A WHOLLY-OWNED SUBSIDIARY COMPANY OF NEHB OF A PARCEL OF LEASEHOLD INDUSTRIAL LAND HELD UNDER HSD 168513, TOWN OF SHAH ALAM, DISTRICT OF PETALING, SELANGOR DARUL EHSAN TOGETHER WITH BUILDINGS ERECTED ON THE LAND ("PROPERTY") TO RUBICON LEXINGTON SDN BHD, FOR A DISPOSAL CONSIDERATION OF RM19,400,000 TO BE SATISFIED VIA CASH ("PROPOSED DISPOSAL") |
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We refer to the announcements made on 8 July 2020, 20 July 2020, 8 September 2020, 25 September 2020, 7 December 2020 and 17 December 2020 in relation to the Proposed Disposal (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, Kenanga IB wishes to announce that NECSB and Rubicon Lexington had mutually agreed to extend the cut-off date until 1 April 2021 to fulfil the condition precedent of the SPA.
This announcement is dated 30 December 2020. |
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Announcement Info
| Company Name | NATIONWIDE EXPRESS HOLDINGS BERHAD |
| Stock Name | NATWIDE |
| Date Announced | 30 Dec 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-30122020-00063 |