PHB

0.005

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS Pegasus Heights Berhad ("PHB" or "the Company") - Heads of Agreement entered by Pegasus Heights Berhad with WRP Asia Pacific Sdn. Bhd.

PEGASUS HEIGHTS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
Pegasus Heights Berhad ("PHB" or "the Company") - Heads of Agreement entered by Pegasus Heights Berhad with WRP Asia Pacific Sdn. Bhd.

Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcement dated 17 March 2021.

 

Reference is made to the announcement dated 17 March 2021 in relation to the Heads of Agreement ("HOA") with WRP Asia Pacific Sdn. Bhd. ("WRP").

 

The Board of Directors of PHB wishes to announce that PHB had through its solicitors wrote to WRP's solicitors requesting for an extension of the negotiation period under the HOA. However, the Company had on 14 June 2021 received a reply from WRP's solicitors that due to the Movement Control Order imposed from 1 June 2021 until 28 June 2021 ("MCO 3.0") and the recent high number of COVID-19 infection in WRP's facilities, a decision on the extension of the negotiation period for the HOA can only be made by WRP after the end of MCO 3.0.

 

Upon the decision of the extension of the HOA, a further announcement would be made by the Company.

 

This announcement is dated 15 June 2021. 






Announcement Info

Company Name PEGASUS HEIGHTS BERHAD
Stock Name PHB
Date Announced 15 Jun 2021
Category General Announcement for PLC
Reference Number GA1-11062021-00039