TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED JOINT VENTURE BETWEEN CITAGLOBAL PROPERTY DEVELOPMENT SDN BHD (FORMERLY KNOWN AS SINERGI DAYANG SDN BHD), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, AND VARIA CREST SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF VARIA BERHAD, FOR A PROPOSED MIXED DEVELOPMENT ON A PARCEL OF LEASEHOLD LAND MEASURING APPROXIMATELY 1.58 ACRES AT JALAN TUN RAZAK, KUALA LUMPUR, TO BE KNOWN AS THE CITAGLOBAL TOWER DEVELOPMENT ("PROPOSED JV")
| CITAGLOBAL BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED JOINT VENTURE BETWEEN CITAGLOBAL PROPERTY DEVELOPMENT SDN BHD (FORMERLY KNOWN AS SINERGI DAYANG SDN BHD), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, AND VARIA CREST SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF VARIA BERHAD, FOR A PROPOSED MIXED DEVELOPMENT ON A PARCEL OF LEASEHOLD LAND MEASURING APPROXIMATELY 1.58 ACRES AT JALAN TUN RAZAK, KUALA LUMPUR, TO BE KNOWN AS THE CITAGLOBAL TOWER DEVELOPMENT ("PROPOSED JV") |
(Unless otherwise stated, abbreviations and definitions used throughout this announcement shall have the same meaning as defined in the Company’s announcement dated 24 November 2025 in relation to the Proposed JV.) Reference is made to the Company’s announcements dated 24 November 2025 and 27 November 2025 in relation to the Proposed JV. The Company wishes to announce that the Parties have mutually agreed for an extension of time of 1 month from 23 December 2025 to 22 January 2026, with a further 1 month extension to 22 February 2026, if required, to provide more time for the Parties to complete the remaining conditions precedent as set out in the JVA. This announcement is dated 22 December 2025. |
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Announcement Info
| Company Name | CITAGLOBAL BERHAD |
| Stock Name | CITAGLB |
| Date Announced | 22 Dec 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22122025-00029 |