Bursa Announcement

Bursa Announcement

Date : 17 July 2012

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS AEON CO. (M) BHD. (“AEON” OR “COMPANY”) - NOTICE OF TERMINATION OF THE SALE AND PURCHASE AGREEMENT WITH DATUK BANDAR KUALA LUMPUR AND DWITASIK SDN BHD DATED 18TH FEBRUARY 2009

AEON CO. (M) BHD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionAEON CO. (M) BHD. (“AEON” OR “COMPANY”)
- NOTICE OF TERMINATION OF THE SALE AND PURCHASE AGREEMENT WITH DATUK BANDAR KUALA LUMPUR AND DWITASIK SDN BHD DATED 18TH FEBRUARY 2009
Reference is made to the Company’s announcement on 18th February 2009 with regards to the acquisition of the part of land held under Parcel Q measuring approximately 6.25 acres or 272,250 square feet in area together with a shopping centre to be erected thereon, at the purchase price of Ringgit Malaysia One Hundred Seven Million Two Hundred and Twenty Five Thousand (RM107,225,000.00) Only comprising the Land Cost of Ringgit Malaysia Twenty Seven Million Two Hundred and Twenty Five Thousand (RM27,225,000.00) Only and the Building Cost of Ringgit Malaysia Eighty Million (RM80,000,000.00) Only for the purpose of constructing thereon a shopping centre and a departmental store cum supermarket.
The Board of Directors of AEON wishes to announce that the Sale and Purchase Agreement dated 18th February 2009 pertaining to the acquisition of the part of the land held under Parcel Q has been deemed terminated on 17th July 2012, due to the non-fulfillment of the Conditions Precedent and the Company will seek the refund of the security deposit of Ringgit Malaysia Two Million Seven Hundred Twenty Two and Five Hundred (RM2,722,500.00) Only from the Vendor. The above transaction is not expected to have any financial impact to the Company.

This announcement is dated 17 July 2012.


Announcement Info

Company NameAEON CO. (M) BHD  
Stock Name AEON    
Date Announced17 Jul 2012  
CategoryGeneral Announcement
Reference NoCC-120717-9C1C1

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