TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MUTUAL TERMINATION OF JOINT VENTURE AGREEMENT ("JVA") ENTERED INTO BY SURIA CAPITAL HOLDINGS BERHAD ("SURIA CAPITAL") AND GABUNGAN AQRS BERHAD ("GBG AQRS") - ADDITIONAL INFORMATION
| SURIA CAPITAL HOLDINGS BERHAD |
| Type | Announcement | ||||||||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
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| Description | MUTUAL TERMINATION OF JOINT VENTURE AGREEMENT ("JVA") ENTERED INTO BY SURIA CAPITAL HOLDINGS BERHAD ("SURIA CAPITAL") AND GABUNGAN AQRS BERHAD ("GBG AQRS") - ADDITIONAL INFORMATION |
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We refer to our previous announcement Ref. No: GA1-24092021-00039 dated 30 September 2021 in relation to the above subject.
The Board of Directors of Suria Capital wishes to provide additional information, as follows:
In accordance with the terms and conditions of the Termination Agreement, related advances paid by GBG AQRS in favour of Suria Capital pursuant to the JVA shall be fully refunded by Suria Capital to GBG AQRS totalling RM7.94 million. Following the refund payment, the JVA shall be terminated and the Parties shall be released from any rights and obligations under the JVA without any recourse to the other Party.
Refund Payment Terms
This announcement is dated 1 October 2021. |
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Announcement Info
| Company Name | SURIA CAPITAL HOLDINGS BERHAD |
| Stock Name | SURIA |
| Date Announced | 01 Oct 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-01102021-00077 |