TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY ARDENT RESIDENCE SDN. BHD. (ARSB OR PURCHASER), A WHOLLY-OWNED SUBSIDIARY OF MCT CONSORTIUM BHD. (MCTCB), WHICH IS A WHOLLY-OWNED SUBSIDIARY OF MCT, OF A PARCEL OF FREEHOLD RESIDENTIAL DEVELOPMENT LAND MEASURING APPROXIMATELY 1.57 ACRES AT BANDAR KUALA LUMPUR (LAND) FROM HPC DEVELOPMENT SDN. BHD. (HPC OR VENDOR) FOR A TOTAL CASH CONSIDERATION OF RM58.0 MILLION
| MCT BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION BY ARDENT RESIDENCE SDN. BHD. (ARSB OR PURCHASER), A WHOLLY-OWNED SUBSIDIARY OF MCT CONSORTIUM BHD. (MCTCB), WHICH IS A WHOLLY-OWNED SUBSIDIARY OF MCT, OF A PARCEL OF FREEHOLD RESIDENTIAL DEVELOPMENT LAND MEASURING APPROXIMATELY 1.57 ACRES AT BANDAR KUALA LUMPUR (LAND) FROM HPC DEVELOPMENT SDN. BHD. (HPC OR VENDOR) FOR A TOTAL CASH CONSIDERATION OF RM58.0 MILLION |
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The Board of Directors of MCT (“Board”) wishes to announce that ARSB had on 20 February 2023 entered into a conditional sale and purchase agreement (“SPA”) with HPC to acquire the Land for a total cash consideration of RM58.0 million (“Purchase Price”) (“Proposed Acquisition”).
Further details of the Proposed Acquisition are set out in the attached announcement.
This announcement is dated 20 February 2023. |
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Please refer attachment below.
Announcement Info
| Company Name | MCT BERHAD |
| Stock Name | MCT |
| Date Announced | 20 Feb 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20022023-00013 |