TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS LION INDUSTRIES CORPORATION BERHAD ("LICB" OR "COMPANY") Proposed acquisition of 80 acres of leasehold agriculture land located at Daerah Sepang, Selangor for a cash consideration of RM23 million ("Proposed Acquisition")
| LION INDUSTRIES CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | LION INDUSTRIES CORPORATION BERHAD ("LICB" OR "COMPANY")
Proposed acquisition of 80 acres of leasehold agriculture land located at Daerah Sepang, Selangor for a cash consideration of RM23 million ("Proposed Acquisition") |
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Reference is made to the Company’s announcements dated 6 January 2022 (“First Announcement”), 10 January 2022 and 10 March 2022 in relation to the Proposed Acquisition. Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the First Announcement.
The Board of Directors of LICB wishes to announce that LLB Bina had on 16 February 2023 agreed to Premier Land’s request for an extension of time to satisfy the Conditions Subsequent from 20 February 2023 to 20 February 2024.
Save for the above, all the remaining terms and conditions of the SPA, the Novation Agreement and the Supplemental Agreement shall continue to remain in full force and effect. |
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Announcement Info
| Company Name | LION INDUSTRIES CORPORATION BERHAD |
| Stock Name | LIONIND |
| Date Announced | 16 Feb 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16022023-00076 |