TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY THE PLACE PROPERTIES SDN. BHD. (TPPSB OR PURCHASER), A WHOLLY-OWNED SUBSIDIARY OF MCT CONSORTIUM BHD. (MCTCB), WHICH IS A WHOLLY-OWNED SUBSIDIARY OF MCT, OF THREE (3) CONTIGUOUS PARCELS OF FREEHOLD RESIDENTIAL DEVELOPMENT LAND MEASURING APPROXIMATELY 15,817.405 SQUARE METRES AT MUKIM KUALA LUMPUR (LAND) FROM SISI TASIK SDN. BHD. (STSB OR VENDOR) FOR A TOTAL CASH CONSIDERATION OF RM64,646,632.00.
| MCT BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION BY THE PLACE PROPERTIES SDN. BHD. (TPPSB OR PURCHASER), A WHOLLY-OWNED SUBSIDIARY OF MCT CONSORTIUM BHD. (MCTCB), WHICH IS A WHOLLY-OWNED SUBSIDIARY OF MCT, OF THREE (3) CONTIGUOUS PARCELS OF FREEHOLD RESIDENTIAL DEVELOPMENT LAND MEASURING APPROXIMATELY 15,817.405 SQUARE METRES AT MUKIM KUALA LUMPUR (LAND) FROM SISI TASIK SDN. BHD. (STSB OR VENDOR) FOR A TOTAL CASH CONSIDERATION OF RM64,646,632.00. |
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The Board of Directors of MCT (“Board”) wishes to announce that TPPSB had on 1 March 2023 entered into a conditional sale and purchase agreement (“SPA”) with STSB to acquire the Land for a total cash consideration of RM64,646,632.00 (“Purchase Price”) (“Proposed Acquisition”).
Further details of the Proposed Acquisition are set out in the announcement atatched.
This announcement is dated 1 March 2023. |
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Please refer attachment below.
Announcement Info
| Company Name | MCT BERHAD |
| Stock Name | MCT |
| Date Announced | 01 Mar 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28022023-00037 |