TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS UMW HOLDINGS BERHAD ("UMWH" OR "COMPANY") PROPOSED DISPOSAL OF INDUSTRIAL LEASEHOLD LAND TOGETHER WITH ALL REMAINING BUILDINGS, STRUCTURES AND PLANTS MEASURING IN TOTAL 38.803 ACRES ("PROPERTIES") FOR A TOTAL CASH CONSIDERATION OF RM287,700,000.00 ("PROPOSED DISPOSAL") AND THE SUBSEQUENT TENANCY OF PART OF THE PROPERTIES ("PROPOSED TENANCY")
| UMW HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | UMW HOLDINGS BERHAD ("UMWH" OR "COMPANY")
PROPOSED DISPOSAL OF INDUSTRIAL LEASEHOLD LAND TOGETHER WITH ALL REMAINING BUILDINGS, STRUCTURES AND PLANTS MEASURING IN TOTAL 38.803 ACRES ("PROPERTIES") FOR A TOTAL CASH CONSIDERATION OF RM287,700,000.00 ("PROPOSED DISPOSAL") AND THE SUBSEQUENT TENANCY OF PART OF THE PROPERTIES ("PROPOSED TENANCY") |
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(Unless otherwise stated, all abbreviations used in this Announcement shall have the same meanings as defined in the Company’s announcements dated 30 November 2018 and 14 August 2019 in relation to the Proposed Disposal and Proposed Tenancy (collectively to be referred to as “Proposals”)) We refer to the Company’s announcements dated 30 November 2018, 3 June 2019, 20 June 2019, 3 July 2019, 14 August 2019, 26 August 2019, 27 August 2019 and 27 September 2019 in relation to the Proposals. On behalf of the Board, Maybank IB wishes to announce that all the conditions precedent as set out in the SPAs (as amended and varied by the First Supplemental SPAs and Second Supplemental SPAs) have been fulfilled today. Accordingly, the SPAs (as amended and varied by the First Supplemental SPAs and Second Supplemental SPAs) have become unconditional. This Announcement is dated 15 October 2019. |
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Announcement Info
| Company Name | UMW HOLDINGS BERHAD |
| Stock Name | UMW |
| Date Announced | 15 Oct 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-14102019-00091 |