TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ECM LIBRA GROUP BERHAD ("ECMLG" OR THE "COMPANY") PROPOSED DISPOSAL OF TWO (2) ADJOINING FREEHOLD LAND HELD UNDER GERAN 11256, NO. LOT 348, AND GERAN 63526, NO. LOT 426, BOTH IN SEKSYEN 15, BANDAR GEORGE TOWN, DAERAH TIMOR LAUT, PULAU PINANG, TOGETHER WITH AN 11-STOREY HOTEL BUILDING ERECTED THEREON COMPRISING 258 HOTEL ROOMS BY ECML HOTELS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ECMLG, TO WEALTHPRO HOLDINGS SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM51,888,000.00 ONLY
| ECM LIBRA GROUP BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | ECM LIBRA GROUP BERHAD ("ECMLG" OR THE "COMPANY")
PROPOSED DISPOSAL OF TWO (2) ADJOINING FREEHOLD LAND HELD UNDER GERAN 11256, NO. LOT 348, AND GERAN 63526, NO. LOT 426, BOTH IN SEKSYEN 15, BANDAR GEORGE TOWN, DAERAH TIMOR LAUT, PULAU PINANG, TOGETHER WITH AN 11-STOREY HOTEL BUILDING ERECTED THEREON COMPRISING 258 HOTEL ROOMS BY ECML HOTELS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ECMLG, TO WEALTHPRO HOLDINGS SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM51,888,000.00 ONLY |
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(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those mentioned in the Company’s announcements dated 15 August 2025 and 1 December 2025 in relation to the Proposed Disposal)
Reference is made to the Company’s announcements dated 15 August 2025, 1 December 2025 and 16 December 2025 in relation to the Proposed Disposal.
The Board wishes to announce that all conditions precedent of the SPA have been fulfilled, and hence, the SPA has become unconditional today.
This announcement is dated 16 December 2025. |
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Announcement Info
| Company Name | ECM LIBRA GROUP BERHAD |
| Stock Name | ECM |
| Date Announced | 16 Dec 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16122025-00035 |