TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS YBS INTERNATIONAL BERHAD ("YBS" OR "COMPANY") PROPOSED ACQUISITION BY ORIENTAL FASTECH MANUFACTURING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF YBS, OF A PIECE OF INDUSTRIAL LAND TOGETHER WITH THE BUILDING ERECTED THEREON KNOWN AS PLOT 300 AT PENANG SCIENCE PARK, PENANG FROM PENANG DEVELOPMENT CORPORATION FOR A TOTAL CASH CONSIDERATION OF RM24,029,874 ("PROPOSED ACQUISITION")
| YBS INTERNATIONAL BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | YBS INTERNATIONAL BERHAD ("YBS" OR "COMPANY")
PROPOSED ACQUISITION BY ORIENTAL FASTECH MANUFACTURING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF YBS, OF A PIECE OF INDUSTRIAL LAND TOGETHER WITH THE BUILDING ERECTED THEREON KNOWN AS PLOT 300 AT PENANG SCIENCE PARK, PENANG FROM PENANG DEVELOPMENT CORPORATION FOR A TOTAL CASH CONSIDERATION OF RM24,029,874 ("PROPOSED ACQUISITION") |
|
We refer to the announcements dated 29 October 2019, 19 December 2019 and 24 December 2019 (“Announcements”) in relation to the Proposed Acquisition.
(Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.)
On behalf of the Board, Affin Hwang IB wishes to announce that PDC and OFM had agreed to extend the deadline to execute the SPA until 31 March 2020. All other provisions contained in the Letter of Offer shall remain unchanged.
This announcement is dated 29 January 2020. |
|
Announcement Info
| Company Name | YBS INTERNATIONAL BERHAD |
| Stock Name | YBS |
| Date Announced | 29 Jan 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-29012020-00047 |