OTHERS TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS Cabnet Holdings Berhad ("Cabnet" or "the Company") - PROPOSED DISPOSAL BY CABNET M&E SDN BHD ("CME"), A WHOLLY-OWNED SUBSIDIARY OF CABNET HOLDINGS BERHAD ("CABNET"), OF A UNIT OF SERVICED APARTMENT HELD UNDER STRATA TITLE GERAN 537924/M1A/22/172 LOT 48351 BANDAR JOHOR BAHRU, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR ("PROPERTY")
| CABNET HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS
Cabnet Holdings Berhad ("Cabnet" or "the Company")
- PROPOSED DISPOSAL BY CABNET M&E SDN BHD ("CME"), A WHOLLY-OWNED SUBSIDIARY OF CABNET HOLDINGS BERHAD ("CABNET"), OF A UNIT OF SERVICED APARTMENT HELD UNDER STRATA TITLE GERAN 537924/M1A/22/172 LOT 48351 BANDAR JOHOR BAHRU, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR ("PROPERTY") |
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We refer to the announcements made on 10 March 2023 and 15 March 2023 (“Announcements”).
Unless otherwise stated, the terms used throughout this announcement shall have the same meanings stated in the Announcements.
The Company wishes to furnish additional clarification by way of amendment in respect of the reply to item 5 of Bursa Query dated 14 March 2023:
5) The particulars of any liabilities, including contingent liabilities, in relation to the Proposed Disposal which will remain with Cabnet and/or CME, together with the details and justification for such arrangements.
The Property is free from any loan/borrowing. Therefore, there are no liabilities, including contingent liabilities, in relation to the Proposed Disposal which will remain with Cabnet and/or CME.
This announcement is dated 15 March 2023. |
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Announcement Info
| Company Name | CABNET HOLDINGS BERHAD |
| Stock Name | CABNET |
| Date Announced | 15 Mar 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15032023-00054 |