SYMLIFE

0.325

-0.005 (-1.5%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SYMPHONY LIFE BERHAD ("SYMLIFE" OR "COMPANY") JOINT DEVELOPMENT AGREEMENT BETWEEN SYMPHONY ORIC DEVELOPMENT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF SYMLIFE AND OPEN ROAD ASIA SDN. BHD. TO GOVERN THE PROPOSED JOINT DEVELOPMENT PROJECT IN LANGKAWI ("PROPOSED JOINT DEVELOPMENT") - EXTENSION OF TIME FOR THE CONDITIONAL PERIOD OF JOINT DEVELOPMENT AGREEMENT IN RELATION TO THE PROPOSED JOINT DEVELOPMENT

Amended Announcements
Please refer to the earlier announcement reference number: GA1-23112021-00027

SYMPHONY LIFE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
SYMPHONY LIFE BERHAD ("SYMLIFE" OR "COMPANY")
JOINT DEVELOPMENT AGREEMENT BETWEEN SYMPHONY ORIC DEVELOPMENT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF SYMLIFE AND OPEN ROAD ASIA SDN. BHD. TO GOVERN THE PROPOSED JOINT DEVELOPMENT PROJECT IN LANGKAWI ("PROPOSED JOINT DEVELOPMENT")

- EXTENSION OF TIME FOR THE CONDITIONAL PERIOD OF JOINT DEVELOPMENT AGREEMENT IN RELATION TO THE PROPOSED JOINT DEVELOPMENT

Further to our announcements made on 28 April 2021 and 3 August 2021, in relation to the Proposed Joint Development, the Board of Directors of SymLife wishes to announce that Symphony ORIC Development Sdn. Bhd., a wholly-owned subsidiary of SymLife and Open Road Asia Sdn. Bhd. ("ORASB") have mutually agreed to extend the conditional period for the fulfilment of the following conditions precedent as stated in the JDA dated 28 April 2021:-

  1. Legal and financial due diligence on the feasibility of the Proposed Joint Development to 31 December 2021; and
  2. Conditions precedent to be fulfilled by ORASB for a further period from 27 April 2022 to 30 June 2022.

All other terms and conditions in the JDA shall remain in full force and effect.

 

This announcement supersedes the earlier announcement dated 23 November 2021 due to typographical error. The extended conditional period for legal and financial due diligence on the feasibility of the Proposed Joint Development should be 31 December 2021 instead of 31 November 2021.

 

This announcement is dated 24 November 2021.

 

 



Announcement Info

Company Name SYMPHONY LIFE BERHAD
Stock Name SYMLIFE
Date Announced 24 Nov 2021
Category General Announcement for PLC
Reference Number GA1-24112021-00056


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