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YTL

0.940

-0.04 (-4.1%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS YTL CORPORATION BERHAD - PROPOSED ACQUISITION OF A PROPOSED HOTEL IN MADRID BY WAY OF THE ACQUISITION OF THE ENTIRE SHARE CAPITAL OF SOL HTL PROJECT, S.L.U.

YTL CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
YTL CORPORATION BERHAD
- PROPOSED ACQUISITION OF A PROPOSED HOTEL IN MADRID BY WAY OF THE ACQUISITION OF THE ENTIRE SHARE CAPITAL OF SOL HTL PROJECT, S.L.U.

We refer to the announcements dated 7 December 2018, 1 April 2019 and 31 May 2019 in relation to the Proposed Acquisition (“Announcements”). Unless otherwise stated, abbreviations used herein shall have the same meanings as those mentioned in the Announcements.

 

The Board of YTL Corp wishes to announce that the parties have agreed to amend the SPA to incorporate  the right of either party to terminate the SPA where the conditions to the effectiveness of the SPA as set out in Section 2.1 of Appendix A to the announcement dated 7 December 2018 (“Effectiveness Conditions”) have not been satisfied or waived, as the case may be, in accordance with the SPA on or before the last date of any calendar month by giving written notice to the other party within two business days of such date provided that the SPA will terminate automatically if the Effectiveness Conditions are not satisfied or waived, as the case may be, by 31 December 2019.

 

This announcement is dated 1 July 2019.






Announcement Info

Company Name YTL CORPORATION BERHAD
Stock Name YTL
Date Announced 01 Jul 2019
Category General Announcement for PLC
Reference Number GA1-28062019-00123