PLENITU

1.000

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PLENITUDE BERHAD ("PLENITUDE" OR THE "COMPANY") PROPOSED INVESTMENT IN A 21-STOREY HOTEL IN OSAKA, JAPAN ("PROPOSED INVESTMENT")

PLENITUDE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PLENITUDE BERHAD ("PLENITUDE" OR THE "COMPANY") 
PROPOSED INVESTMENT IN A 21-STOREY HOTEL IN OSAKA, JAPAN ("PROPOSED INVESTMENT")

Reference is made to the Company’s announcements dated 26 November 2020 and 2 December 2020 in relation to the Proposed Investment (“Announcement”). Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as defined in the Announcement.

The Board of Directors of Plenitude wishes to announce that a condition precedent in relation to the Definitive Agreements entered into by the indirect subsidiary of Plenitude, MHI SG1 Pte. Ltd., in respect of the Proposed Investment has not been fulfilled in accordance with the terms of the Definitive Agreements. Pursuant thereto, the conditional Trust Beneficiary Interest Sale and Purchase Agreement (defined as PSA in the Announcement) has been terminated and the Deposit (as defined in the Announcement) to be refunded.

This announcement is dated 20 January 2021.






Announcement Info

Company Name PLENITUDE BERHAD
Stock Name PLENITU
Date Announced 20 Jan 2021
Category General Announcement for PLC
Reference Number GA1-19012021-00036