TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF A BUILDING BY THE COMPANY'S SUBSIDIARY, ARES GREEN TECHNOLOGY CORPORATION (AGTC) FOR A TOTAL PURCHASE PRICE OF NEW TAIWAN DOLLAR (NTD) 367.50 MILLION OR RM53.29 MILLION ("PROPOSED ACQUISITION")
| FRONTKEN CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION OF A BUILDING BY THE COMPANY'S SUBSIDIARY, ARES GREEN TECHNOLOGY CORPORATION (AGTC) FOR A TOTAL PURCHASE PRICE OF NEW TAIWAN DOLLAR (NTD) 367.50 MILLION OR RM53.29 MILLION ("PROPOSED ACQUISITION") |
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Referring to our announcements dated 6 and 9 April 2021 in respect of the above subject matter, the Board of Directors is pleased to inform that the Sale and Purchase Agreement has become unconditional upon AGTC having received a satisfactory soil contamination assessment and test report and the approval from the Environmental Protection Authority of Taiwan on 1 July 2021.
Following the above, AGTC has successfully completed the acquisition on 9 July 2021.
This announcement is dated 9 July 2021. |
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Announcement Info
| Company Name | FRONTKEN CORPORATION BERHAD |
| Stock Name | FRONTKN |
| Date Announced | 09 Jul 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05072021-00102 |