TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SCIENTEX BERHAD ("SCIENTEX" OR "THE COMPANY") PROPOSED ACQUISITIONS BY SCIENTEX QUATARI SDN BHD AND SCIENTEX (SKUDAI) SDN BHD OF 3 PIECES OF FREEHOLD AGRICULTURAL LAND, ALL SITUATED IN MUKIM 12, DISTRICT OF SEBERANG PERAI UTARA, STATE OF PULAU PINANG FOR A TOTAL PURCHASE CONSIDERATION OF RM246,671,568.00 ("PROPOSED ACQUISITIONS")
| SCIENTEX BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SCIENTEX BERHAD ("SCIENTEX" OR "THE COMPANY")
PROPOSED ACQUISITIONS BY SCIENTEX QUATARI SDN BHD AND SCIENTEX (SKUDAI) SDN BHD OF 3 PIECES OF FREEHOLD AGRICULTURAL LAND, ALL SITUATED IN MUKIM 12, DISTRICT OF SEBERANG PERAI UTARA, STATE OF PULAU PINANG FOR A TOTAL PURCHASE CONSIDERATION OF RM246,671,568.00 ("PROPOSED ACQUISITIONS") |
|
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 Acquisitions. We refer to our earlier announcement dated 5 April 2021 in relation to the Proposed Acquisitions. The Board of Directors of Scientex wishes to announce that the conditions precedent as set out in the SPAs have been satisfied. Accordingly, the Proposed Acquisitions have become unconditional and the completion of the Proposed Acquisitions shall take place upon full payment of the balance purchase price to be made to the vendors. Barring any unforeseen circumstances, the Proposed Acquisitions are expected to be completed by fourth quarter of 2021. This announcement is dated 20 September 2021. |
|
Announcement Info
| Company Name | SCIENTEX BERHAD |
| Stock Name | SCIENTX |
| Date Announced | 20 Sep 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05042021-00110 |