TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CRESCENDO CORPORATION BERHAD ("CCB" OR THE "COMPANY") DISPOSAL BY PANORAMIC INDUSTRIAL DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF CCB, OF VACANT LAND LOCATED IN THE STATE OF JOHOR FOR A TOTAL CASH CONSIDERATION OF RM315,165,648.67 ("DISPOSAL")
| CRESCENDO CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | CRESCENDO CORPORATION BERHAD ("CCB" OR THE "COMPANY")
DISPOSAL BY PANORAMIC INDUSTRIAL DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF CCB, OF VACANT LAND LOCATED IN THE STATE OF JOHOR FOR A TOTAL CASH CONSIDERATION OF RM315,165,648.67 ("DISPOSAL") |
|
We refer to the previous announcements and the circular to shareholders dated 19 January 2024 in relation to the Disposal (“Circular”). Unless otherwise defined, the definitions set out in the Circular shall apply herein.
On behalf of the Board, UOBKH wishes to announce that the Balance Disposal Consideration has been fully paid by the Purchaser to the Purchaser’s solicitors on 21 February 2024. Pursuant thereto, the Completion Date as defined under the SPA has taken place on 21 February 2024.
This announcement is dated 21 February 2024. |
|
Announcement Info
| Company Name | CRESCENDO CORPORATION BERHAD |
| Stock Name | CRESNDO |
| Date Announced | 21 Feb 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21022024-00057 |