OTHERS WIDAD GROUP BERHAD ("WIDAD" OR "COMPANY") EXTENSION OF HEADS OF AGREEMENT (HOA) WITH MENANG DEVELOPMENT (M) SDN BHD ("MDSB"), MENANG INDUSTRIES (M) SDN BHD ("MISB") AND TENTU SELESA SDN BHD ("TSSB") IN RESPECT OF THE PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN INNOVATIF MEWAH SDN BHD ("IMSB")
| WIDAD GROUP BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | WIDAD GROUP BERHAD ("WIDAD" OR "COMPANY")
EXTENSION OF HEADS OF AGREEMENT (HOA) WITH MENANG DEVELOPMENT (M) SDN BHD ("MDSB"), MENANG INDUSTRIES (M) SDN BHD ("MISB") AND TENTU SELESA SDN BHD ("TSSB") IN RESPECT OF THE PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN INNOVATIF MEWAH SDN BHD ("IMSB") |
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Unless otherwise defined, the definitions used in this announcement shall have the same meanings as previously defined in the earlier announcement dated 27 November 2019 and 29 November 2019 in relation to the HOA.
The Board of Directors of Widad wishes to announce that Widad and the Vendors, via an exchange of emails have mutually agreed to extend the HOA by a further 90 days to 24 June 2020 (“Expiry Date”).
Save for the abovementioned extension of Expiry Date, all other terms and conditions of the HOA remain in full force and effect.
This announcement is dated 26 March 2020. |
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Announcement Info
| Company Name | WIDAD GROUP BERHAD |
| Stock Name | WIDAD |
| Date Announced | 26 Mar 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-26032020-00064 |