SIGN

1.260

-0.01 (-0.8%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SIGNATURE INTERNATIONAL BERHAD ("SIGNATURE" OR THE "COMPANY") PROPOSED DISPOSAL OF 3 PIECES OF VACANT FREEHOLD LANDS LOCATED AT BANDAR BARU ENSTEK, TEMPAT BANDAR BARU ENSTEK, DAERAH SEREMBAN, NEGERI SEMBILAN BY SIGNATURE REALTY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SIGNATURE, TO ACE LOGISTIC SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM54.6 MILLION ("PROPOSED DISPOSAL")

SIGNATURE INTERNATIONAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
SIGNATURE INTERNATIONAL BERHAD ("SIGNATURE" OR THE "COMPANY")

PROPOSED DISPOSAL OF 3 PIECES OF VACANT FREEHOLD LANDS LOCATED AT BANDAR BARU ENSTEK, TEMPAT BANDAR BARU ENSTEK, DAERAH SEREMBAN, NEGERI SEMBILAN BY SIGNATURE REALTY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SIGNATURE, TO ACE LOGISTIC SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM54.6 MILLION ("PROPOSED DISPOSAL")

(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those stated in the announcement dated 13 September 2021 in relation to the Proposed Disposal)

 

Further to the announcements on 13 September 2021, 11 November 2021 and 11 March 2022, on behalf of the Board, M&A Securities wishes to announce that the solicitors had vide its letter dated 12 May 2022 informed that the conditions precedent of the SPAs have been fulfilled. Accordingly, the SPAs for the Proposed Disposal have become unconditional.

 

This announcement is dated 12 May 2022.






Announcement Info

Company Name SIGNATURE INTERNATIONAL BERHAD
Stock Name SIGN
Date Announced 12 May 2022
Category General Announcement for PLC
Reference Number GA1-12052022-00088