OTHERS PROPOSED ACQUISITION OF 2,500,000 ORDINARY SHARES REPRESENTING 50% EQUITY INTEREST IN RETRO HIGHLAND SDN BHD (A JOINT-VENTURE COMPANY BETWEEN TRADEWINDS CORPORATION BERHAD AND S P SETIA BERHAD) BY MMC LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MMC, FROM TRADEWINDS CORPORATION BERHAD
| MMC CORPORATION BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | PROPOSED ACQUISITION OF 2,500,000 ORDINARY SHARES REPRESENTING 50% EQUITY INTEREST IN RETRO HIGHLAND SDN BHD (A JOINT-VENTURE COMPANY BETWEEN TRADEWINDS CORPORATION BERHAD AND S P SETIA BERHAD) BY MMC LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MMC, FROM TRADEWINDS CORPORATION BERHAD |
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We refer to our announcement dated 22 March 2021 (“Announcement”) in relation to the Proposed 50% Retro Highland Acquisition. Unless otherwise stated, the abbreviations used herein shall have the same meaning as defined in the Announcement. MMC wishes to announce that on 6 July 2021, the SSA has become unconditional and the Proposed 50% Retro Highland Acquisition has been completed today in accordance with the terms of the SSA. Following the completion of the Proposed 50% Retro Highland Acquisition, MMC Land, a wholly-owned subsidiary of MMC, has become a 50% shareholder of Retro Highland. This announcement is dated 6 July 2021. |
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Announcement Info
| Company Name | MMC CORPORATION BERHAD |
| Stock Name | MMCCORP |
| Date Announced | 06 Jul 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02072021-00017 |