UNIWALL

0.790

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS UNI WALL APS HOLDINGS BERHAD ("UNI WALL" OR THE "COMPANY") PROPOSED ACQUISITION

UNI WALL APS HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
UNI WALL APS HOLDINGS BERHAD ("UNI WALL" OR THE "COMPANY")

PROPOSED ACQUISITION

We refer to the announcement made on 23 September 2022 in relation to the Proposed Acquisition (“Announcement”). For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the Announcement unless otherwise defined herein.

 

On behalf of the Board, Mercury Securities wishes to announce that NS Aero has received a termination notice with immediate effect dated 31 October 2022 from NS Corp as NS Aero has failed to pay the deposit, being 10% of the Purchase Consideration, of RM44.5 million within the stipulated timeline due to a delay in its funding. Accordingly, pursuant to Clause 13.1(b) of the SPA A, SPA A has been terminated with immediate effect, without prejudice to NS Corp’s rights available thereunder arising from the said breach and NS Corp shall have the liberty to deal with the Land in the manner it deems fit.

 

This announcement is dated 1 November 2022.






Announcement Info

Company Name UNI WALL APS HOLDINGS BERHAD
Stock Name UNIWALL
Date Announced 01 Nov 2022
Category General Announcement for PLC
Reference Number GA1-31102022-00104