TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DISPOSAL BY WIDAD BUILDERS SDN BHD ("WBSB"), A WHOLLY-OWNED SUBSIDIARY OF WIDAD GROUP BERHAD ("WIDAD"), OF A 12-STOREY OFFICE BUILDING INCLUSIVE OF 6 LEVELS OF ELEVATED CAR PARKS ("PROPERTY") TO RICHFIELD BUILDER (M) SDN BHD ("RBSB) FOR A TOTAL CONSIDERATION OF RM41,500,000 ("DISPOSAL")
| WIDAD GROUP BERHAD |
| Type | Announcement | |||||||||||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
|||||||||||||||||||
| Description | DISPOSAL BY WIDAD BUILDERS SDN BHD ("WBSB"), A WHOLLY-OWNED SUBSIDIARY OF WIDAD GROUP BERHAD ("WIDAD"), OF A 12-STOREY OFFICE BUILDING INCLUSIVE OF 6 LEVELS OF ELEVATED CAR PARKS ("PROPERTY") TO RICHFIELD BUILDER (M) SDN BHD ("RBSB) FOR A TOTAL CONSIDERATION OF RM41,500,000 ("DISPOSAL") |
|||||||||||||||||||
|
(Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the announcement dated 28 April 2025 in relation to the Disposal)
Further to the Company’s announcement made on 28 April 2025 and reply to Query on 30 April 2025, the Company wishes to announce the following additional information in relation to the Disposal: -
1. Item No. 5 - Timeframe for full utilisation of proceeds ● The utilisation of sale proceeds shall be fully utilised within three (3) months from the SPA date.
2. Item No. 8 - The directors’ shareholdings in RBSB are as follows:
This announcement is dated 6 May 2025. |
||||||||||||||||||||
Announcement Info
| Company Name | WIDAD GROUP BERHAD |
| Stock Name | WIDAD |
| Date Announced | 06 May 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06052025-00051 |