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2020
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Announcements

Date : 11 May 2015

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS BERTAM ALLIANCE BERHAD ("BERTAM" OR THE "COMPANY") DISPOSAL BY UH CAPITAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF BERTAM OF EIGHT PARCELS OF FREEHOLD VACANT LAND TO KT LEE PROPERTIES SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM63,500,000 ("DISPOSALS")

BERTAM ALLIANCE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
BERTAM ALLIANCE BERHAD ("BERTAM" OR THE "COMPANY")

DISPOSAL BY UH CAPITAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF BERTAM OF EIGHT PARCELS OF FREEHOLD VACANT LAND TO KT LEE PROPERTIES SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM63,500,000 ("DISPOSALS")

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 24 July 2014 in relation to the Disposals.

 

We refer to the announcement dated 24 July 2014, 12 August 2014, 3 November 2014 and 26 November 2014 in relation to the Disposals.

 

On behalf of the Board of Directors of Bertam, RHB Investment Bank Berhad wishes to announce that UH Capital Sdn Bhd and KT Lee Properties Sdn Bhd, being parties to the SPAs in relation to the Disposals, have mutually agreed to extend the completion date of the SPAs to 22 May 2015, with a further extension period of one (1) month until 22 June 2015 if the balance disposal consideration is not paid by 22 May 2015 subject to late interest payable at the rate of eight percent (8%) per annum on the balance disposal consideration during the said one (1) month further extension period. Barring any unforeseen circumstances, the Disposals are expected to be completed in the second (2nd) quarter of calendar year 2015.

 

This announcement is dated 11 May 2015.






Announcement Info

Company Name BERTAM ALLIANCE BERHAD
Stock Name BERTAM
Date Announced 11 May 2015
Category General Announcement for PLC
Reference Number GA1-11052015-00066



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