OTHERS PROPOSED DISPOSAL OF ALL THE SECURITIES OF SISTEM PENYURAIAN TRAFIK KL BARAT SDN BHD ("SPRINT") HELD BY SISTEM PENYURAIAN TRAFIK KL BARAT HOLDINGS SDN BHD ("SPRINT HOLDINGS") TO AMANAT LEBUHRAYA RAKYAT BERHAD ("ALR") ("PROPOSED DISPOSAL")
| KUMPULAN PERANGSANG SELANGOR BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | PROPOSED DISPOSAL OF ALL THE SECURITIES OF SISTEM PENYURAIAN TRAFIK KL BARAT SDN BHD ("SPRINT") HELD BY SISTEM PENYURAIAN TRAFIK KL BARAT HOLDINGS SDN BHD ("SPRINT HOLDINGS") TO AMANAT LEBUHRAYA RAKYAT BERHAD ("ALR") ("PROPOSED DISPOSAL") |
|
Reference is made to the earlier announcements dated 4 April 2022, 18 April 2022, 8 June 2022 and 5 August 2022 in relation to the Proposed Disposal (“Announcements”). Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the aforesaid Announcements.
Pursuant to Paragraph 9.03 of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of Kumpulan Perangsang Selangor Berhad (“KPS” or “the Company”) wishes to announce that the SSPA has become unconditional on 13 October 2022 following the fulfillment of the conditions precedent stipulated in the SSPA in respect of the Proposed Disposal. The Proposed Disposal is completed on 13 October 2022 in accordance with the terms and conditions of the SSPA.
Following the above, SPRINT Holdings, being a 20% associated company of KPS, had on 13 October 2022 received a total sum of RM863.0 million from ALR. Please refer to the attachment (Appendix 1) for further details on the computation of the total sum. Accordingly, SPRINT has ceased to be a subsidiary of SPRINT Holdings.
This announcement is dated 13 October 2022. |
|
Please refer attachment below.
Announcement Info
| Company Name | KUMPULAN PERANGSANG SELANGOR BERHAD |
| Stock Name | KPS |
| Date Announced | 13 Oct 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13102022-00035 |