TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PAN MALAYSIA CORPORATION BERHAD ("PMC" OR THE "COMPANY") PROPOSED DISPOSAL OF 85% EQUITY INTEREST IN NETWORK FOODS INTERNATIONAL LTD AND ITS SUBSIDIARIES EXCLUDING NETWORK FOODS (HONG KONG) LTD BY PMRI INVESTMENTS (SINGAPORE) PTE LTD, A WHOLLY-OWNED INDIRECT SUBSIDIARY OF PMC TO WAH KONG CORPORATION SDN BHD FOR A DISPOSAL CONSIDERATION OF RM24,220,929 TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED DISPOSAL")
| PAN MALAYSIA CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PAN MALAYSIA CORPORATION BERHAD ("PMC" OR THE "COMPANY")
PROPOSED DISPOSAL OF 85% EQUITY INTEREST IN NETWORK FOODS INTERNATIONAL LTD AND ITS SUBSIDIARIES EXCLUDING NETWORK FOODS (HONG KONG) LTD BY PMRI INVESTMENTS (SINGAPORE) PTE LTD, A WHOLLY-OWNED INDIRECT SUBSIDIARY OF PMC TO WAH KONG CORPORATION SDN BHD FOR A DISPOSAL CONSIDERATION OF RM24,220,929 TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED DISPOSAL") |
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We refer to the announcements dated 1 August 2023, 31 October 2023, 28 December 2023 and 18 January 2024 in relation to the Proposed Disposal (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, TA Securities wishes to announce that PMRI and WKCSB have entered into a variation letter dated 31 January 2024 (“Variation Letter”) to vary certain terms of the SSA dated 1 August 2023 (“SSA Amendments”). Please refer to the attachment below for further details of the SSA Amendments.
Save for the SSA Amendments, all other terms and conditions of the SSA shall remain in full force and effect.
This announcement is dated 31 January 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | PAN MALAYSIA CORPORATION BERHAD |
| Stock Name | PMCORP |
| Date Announced | 31 Jan 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-31012024-00086 |