TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SCIENTEX BERHAD ("SCIENTEX") PROPOSED ACQUISITION BY SCIENTEX HEIGHTS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF SCIENTEX, OF TWO (2) PIECES AND PARCELS OF FREEHOLD LAND HELD UNDER GRN 60084 LOT 7561 AND GRN 59205 LOT 7562, BOTH SITUATED IN MUKIM AND DISTRICT OF JASIN, STATE OF MELAKA, MEASURING IN AGGREGATE AREA OF APPROXIMATELY 549.342 HECTARES FOR A TOTAL PURCHASE CONSIDERATION OF RM260,174,594.00
| SCIENTEX BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SCIENTEX BERHAD ("SCIENTEX")
PROPOSED ACQUISITION BY SCIENTEX HEIGHTS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF SCIENTEX, OF TWO (2) PIECES AND PARCELS OF FREEHOLD LAND HELD UNDER GRN 60084 LOT 7561 AND GRN 59205 LOT 7562, BOTH SITUATED IN MUKIM AND DISTRICT OF JASIN, STATE OF MELAKA, MEASURING IN AGGREGATE AREA OF APPROXIMATELY 549.342 HECTARES FOR A TOTAL PURCHASE CONSIDERATION OF RM260,174,594.00 |
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The terms used herein, unless the context otherwise stated, bear the same meanings as those defined in the earlier announcement in relation to the Proposed Acquisition.
We refer to our earlier announcement dated 13 August 2020 in relation to the Proposed Acquisition.
The Board of Directors of Scientex wishes to announce that all conditions precedent as set out in the SPA have been satisfied and the balance purchase price has been made to the Vendor on 11 January 2021. Hence, marked the completion of the Proposed Acquisition.
This announcement is dated 11 January 2021.
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Announcement Info
| Company Name | SCIENTEX BERHAD |
| Stock Name | SCIENTX |
| Date Announced | 11 Jan 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11012021-00054 |