TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MALTON BERHAD ("MALTON" OR "COMPANY") DISPOSAL BY REGAL PATH SDN BHD, A 51% JOINT VENTURE OF MALTON, OF THE PAVILION BUKIT JALIL MALL TO PAVILION REAL ESTATE INVESTMENT TRUST FOR A TOTAL INDICATIVE DISPOSAL CONSIDERATION OF RM2,200,000,000 ("DISPOSAL")
| MALTON BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | MALTON BERHAD ("MALTON" OR "COMPANY")
DISPOSAL BY REGAL PATH SDN BHD, A 51% JOINT VENTURE OF MALTON, OF THE PAVILION BUKIT JALIL MALL TO PAVILION REAL ESTATE INVESTMENT TRUST FOR A TOTAL INDICATIVE DISPOSAL CONSIDERATION OF RM2,200,000,000 ("DISPOSAL") |
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We refer to the Company's announcements dated 22 November 2022, 12 December 2022, 12 January 2023, 22 March 2023, 2 May 2023, 15 May 2023 and the Company’s circular dated 3 March 2023 in relation to the Disposal ("Circular"). Unless otherwise stated, the definitions used herein shall have the same meaning as defined in the said announcements and Circular.
On behalf of the Board, RHB Investment Bank wishes to announce that the Disposal has been completed today following the receipt of the Completion Date Payment today in accordance with the terms and conditions of the CSPA.
The Balance Consideration shall be satisfied in the manner set out in Paragraph 2.1(b) of Appendix I of the Circular.
This announcement is dated 1 June 2023. |
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Announcement Info
| Company Name | MALTON BERHAD |
| Stock Name | MALTON |
| Date Announced | 01 Jun 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-01062023-00048 |