ICONIC

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS ICONIC WORLDWIDE BERHAD ("ICONIC" OR THE "COMPANY") - PROPOSED DISPOSAL OF 4 UNITS OF PROPERTIES FROM ICONIC MAISON SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY TO MODERN REWARDS SDN BHD

ICONIC WORLDWIDE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
ICONIC WORLDWIDE BERHAD ("ICONIC" OR THE "COMPANY")
- PROPOSED DISPOSAL OF 4 UNITS OF PROPERTIES FROM ICONIC MAISON SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY TO MODERN REWARDS SDN BHD

The Board of Directors of ICONIC wishes to announce that Iconic Maison Sdn Bhd (IMSB or Vendor), a wholly-owned subsidiary of the Company, has on 29 September 2022 entered into Sale and Purchase Agreement (Agreements) with Modern Rewards Sdn Bhd (MRSB or Purchaser) for the disposal of the properties to MRSB for a total cash consideration of RM9,400,000.00 (Disposal Consideration), upon the terms and conditions as set out in the SPA (Proposed Disposal).

 

This announcement is dated 29 September 2022. 

 

Please refer attachment below.




Please refer attachment below.



Announcement Info

Company Name ICONIC WORLDWIDE BERHAD
Stock Name ICONIC
Date Announced 29 Sep 2022
Category General Announcement for PLC
Reference Number GA1-29092022-00076