UEMS

1.170

+0.02 (+1.7%)

OTHERS UEM SUNRISE BERHAD ("UEM SUNRISE" OR THE "COMPANY") PROPOSED DIVESTMENT OF UEM SUNRISE SOUTH AFRICA PROPRIETARY LIMITED'S ENTIRE EQUITY INTEREST OF 80.4% IN ROC-UNION PROPRIETARY LIMITED AND CLAIMS AT A TOTAL CONSIDERATION OF RAND 118.4 MILLION (OR RM29.5 MILLION)

UEM SUNRISE BERHAD

Type Announcement
Subject OTHERS
Description
UEM SUNRISE BERHAD ("UEM SUNRISE" OR THE "COMPANY")

PROPOSED DIVESTMENT OF UEM SUNRISE SOUTH AFRICA PROPRIETARY LIMITED'S ENTIRE EQUITY INTEREST OF 80.4% IN ROC-UNION PROPRIETARY LIMITED AND CLAIMS AT A TOTAL CONSIDERATION OF RAND 118.4 MILLION (OR RM29.5 MILLION)

Reference is made to our announcements dated 28 August 2023 and 28 November 2023 (“Announcements”) in relation to the Proposed Divestment. Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcements.

The Company wishes to announce that the Purchaser has requested for a variation of terms of the SSCA dated 25 August 2023 and the addendum to the SSCA (“Addendum”) dated 28 November 2023 and the parties are currently in discussions on the same.

Further announcements will be made as and when there are material developments on the matter.

This announcement is dated 16 February 2024.






Announcement Info

Company Name UEM SUNRISE BERHAD
Stock Name UEMS
Date Announced 16 Feb 2024
Category General Announcement for PLC
Reference Number GA1-15022024-00061