TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS OSK HOLDINGS BERHAD ("OSK" OR "THE COMPANY") - SALE AND PURCHASE AGREEMENTS FOR THE ACQUISITION OF PROPERTY AND ASSETS ENTERED BETWEEN OLYMPIC CABLE COMPANY SDN. BHD., AN INDIRECT 97.47% SUBSIDIARY OF THE COMPANY, WITH UNIVERSAL CABLE (M) BERHAD (IN LIQUIDATION)
| OSK HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | OSK HOLDINGS BERHAD ("OSK" OR "THE COMPANY") - SALE AND PURCHASE AGREEMENTS FOR THE ACQUISITION OF PROPERTY AND ASSETS ENTERED BETWEEN OLYMPIC CABLE COMPANY SDN. BHD., AN INDIRECT 97.47% SUBSIDIARY OF THE COMPANY, WITH UNIVERSAL CABLE (M) BERHAD (IN LIQUIDATION) |
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The Board of Directors of the Company wishes to announce that Olympic Cable Company Sdn. Bhd., an indirect 97.47% subsidiary of the Company, had on 6 September 2024 entered into Sale and Purchase Agreements with Universal Cable (M) Berhad (In Liquidation) [Registration No. 196701000091 (7042-D)] for the purchase of Property and Assets (as defined in Section 2.3 of this announcement) at a total purchase consideration of Ringgit Malaysia Eighty-Five Million (RM85,000,000) only (“Proposed Acquisition”).
Please refer to the attachment for further details of the Proposed Acquisition.
This announcement is dated 6 September 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | OSK HOLDINGS BERHAD |
| Stock Name | OSK |
| Date Announced | 06 Sep 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02092024-00087 |