IQZAN

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS IQZAN HOLDING BERHAD ["IQZAN" or "the Company"] - PROPOSED DISPOSAL OF PROPERTY BY ZOOMIC TECHNOLOGY (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AT A PURCHASE PRICE OF RINGGIT MALAYSIA TWENTY FIVE MILLION AND FIVE HUNDRED THOUSAND (RM25,500,000.00) ONLY TO FOUNDPAC TECHNOLOGIES SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF FOUNDPAC GROUP BERHAD

IQZAN HOLDING BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
IQZAN HOLDING BERHAD ["IQZAN" or "the Company"]
- PROPOSED DISPOSAL OF PROPERTY BY ZOOMIC TECHNOLOGY (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AT A PURCHASE PRICE OF RINGGIT MALAYSIA TWENTY FIVE MILLION AND FIVE HUNDRED THOUSAND (RM25,500,000.00) ONLY TO FOUNDPAC TECHNOLOGIES SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF FOUNDPAC GROUP BERHAD

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 2 December 2022 in relation to the Disposal of Property.

 

We refer to the earlier announcement dated on 2 December 2022 in relation to the Disposal of Property.

 

The Board of Directors of IQZAN is pleased to announce that Zoomic and the Purchaser have mutually agreed to the extension of the Conditional Period of the SPA for ninety (90) days from 2 June 2023 for the Vendor to fulfill the Condition Precedent pursuant to Clause 4.2 of the SPA. Therefore, the Extended Conditional Period for SPA shall expire on 30 August 2023.

 

This announcement is dated 31 May 2023.






Announcement Info

Company Name IQZAN HOLDING BERHAD
Stock Name IQZAN
Date Announced 31 May 2023
Category General Announcement for PLC
Reference Number GA1-31052023-00013