TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XL HOLDINGS BERHAD (XLHB OR COMPANY) - TERM SHEET IN RESPECT OF THE PROPOSED INVESTMENT BY THE COMPANY IN 25% EQUITY OF SAMAJUTERA SDN. BHD. (SSB) FOR THE PURPOSE OF ENGAGING IN SEAWEED CULTIVATION ACTIVITIES THROUGH SSB'S 70% OWNED SUBSIDIARY, WAF HOLDING SDN. BHD. (PROPOSED INVESTMENT)
| XL HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | XL HOLDINGS BERHAD (XLHB OR COMPANY) - TERM SHEET IN RESPECT OF THE PROPOSED INVESTMENT BY THE COMPANY IN 25% EQUITY OF SAMAJUTERA SDN. BHD. (SSB) FOR THE PURPOSE OF ENGAGING IN SEAWEED CULTIVATION ACTIVITIES THROUGH SSB'S 70% OWNED SUBSIDIARY, WAF HOLDING SDN. BHD. (PROPOSED INVESTMENT) |
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The Board of Directors of XLHB wishes to announce that the Company had on 20 November 2023 entered into a binding term sheet with Encik Ahmad Marzuki Bin Hj Nasir @ Abdu Salam and Mr. Wong Kiong Lien, in respect of the Proposed Investment. Please refer to the attachment for details of the announcement. This announcement is dated 20 November 2023. |
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Please refer attachment below.
Announcement Info
| Company Name | XL HOLDINGS BERHAD |
| Stock Name | XL |
| Date Announced | 20 Nov 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20112023-00058 |