TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS AEON CO. (M) BHD. (“AEON” OR “COMPANY”) - Acquisition of Land
|AEON CO. (M) BHD|
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)|
NON RELATED PARTY TRANSACTIONS
|Description||AEON CO. (M) BHD. (“AEON” OR “COMPANY”)|
- Acquisition of Land
Reference is made to the announcement dated 28 December 2012 in relation to the acquisition of a piece of vacant land held under Pajakan Negeri 73008, Lot 2437 Seksyen 13 Bandar Shah Alam Daerah Petaling Negeri Selangor (“Land”) pursuant to the Joint Development and Sale and Purchase Agreement dated 28 December 2012 (“Agreement”) entered with Lebar Daun Development Sdn Bhd (Company No. 474585-K) (“Vendor”) and Perbadanan Kemajuan Negeri Selangor (PKNS) (“Proprietor”) at the purchase price of Ringgit Malaysia Ninety Million Ten Thousand and Fifty Two (RM90,010,052.00) only (“Purchase Price”), the Board wishes to announce that the Company and the Vendor have mutually agreed to further extend the Conditional Period for another six (6) months commencing from 8 October 2013 to 7 April 2014 and the clause 5.3 (iii) of the Agreement shall be amended as follows:
(i) the Vendor’s Solicitor (“Stakeholders”) shall release thirty percent (30%) of the Purchase Price to the Vendor not later than fourteen (14) days from the date of the Vendor’s receipt of the Development Order approval from the relevant authority AND the Transfer has been presented to the relevant land office for registration of the same by the Company upon the receipt of the Transfer from the Stakeholders pursuant to Clause 8.3 and also all other relevant documents from the Vendor pursuant to Clause 8.2 of the Agreement, whichever is later; and
(ii) the Stakeholder shall release another thirty percent (30%) of the Purchase Price to the Vendor not later than fourteen (14) days from the date of the Purchaser’s receipt of the Building Plan approval from the relevant authorities.
Save and except for the above, the terms and conditions in the Agreement remain the same.
This announcement is dated 11 October 2013.
|Company Name||AEON CO. (M) BHD|
|Date Announced||11 Oct 2013|