IREKA

0.495

-0.015 (-2.9%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS IREKA CORPORATION BERHAD ("IREKA" OR THE "COMPANY") PROPOSED PARTICIPATION BY IREKA IN THE SHARE BUY-BACK AND DEMERGER EXERCISE UNDERTAKEN BY ASEANA PROPERTIES LIMITED ("ASPL") INVOLVING THE DIVESTMENT OF IREKA'S ENTIRE QUOTED INVESTMENT IN ASPL (REPRESENTING 23.07% EQUITY INTEREST IN ASPL) IN EXCHANGE FOR SHARES IN A COMPANY INCORPORATED BY ASPL ("NEWCO") ("PROPOSAL")

IREKA CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
IREKA CORPORATION BERHAD ("IREKA" OR THE "COMPANY")

PROPOSED PARTICIPATION BY IREKA IN THE SHARE BUY-BACK AND DEMERGER EXERCISE UNDERTAKEN BY ASEANA PROPERTIES LIMITED ("ASPL") INVOLVING THE DIVESTMENT OF IREKA'S ENTIRE QUOTED INVESTMENT IN ASPL (REPRESENTING 23.07% EQUITY INTEREST IN ASPL) IN EXCHANGE FOR SHARES IN A COMPANY INCORPORATED BY ASPL ("NEWCO") ("PROPOSAL")

We refer to the Company’s announcements made on 16 July 2020 and 21 October 2020 in relation to the Proposal (“Announcements”). The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the Announcements, where applicable.

 

UOBKH wishes to announce on behalf of the Board of Directors of Ireka, that the Company and ASPL had on 27 November 2020 mutually agreed to extend the Long Stop Date until 11 December 2020 for the fulfilment of the conditions precedent as set out in the Share Buyback Agreement.

 

 

This announcement is dated 30 November 2020.






Announcement Info

Company Name IREKA CORPORATION BERHAD
Stock Name IREKA
Date Announced 30 Nov 2020
Category General Announcement for PLC
Reference Number GA1-30112020-00032