Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

BackJan 26, 2024

 

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description PROPOSED ACQUISITION BY KLCC PROPERTY HOLDINGS BERHAD ("KLCCP") OF THE REMAINING 40% EQUITY INTEREST IN SURIA KLCC SDN BHD NOT ALREADY OWNED BY KLCCP FROM OCMADOR (MALAYSIA) CITY RETAIL CENTRE SDN BHD, PORT MORESBY INVESTMENTS LIMITED AND BOLD PEAK SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM1,950 MILLION ("PROPOSED ACQUISITION")

 

The Board of Directors of KLCCP ("Board") wishes to announce that KLCCP had on 26 January 2024 entered into a share purchase agreement with the existing shareholders of Suria KLCC Sdn Bhd ("Suria KLCC"), namely Ocmador (Malaysia) City Retail Centre Sdn Bhd, Port Moresby Investments Limited and Bold Peak Sdn Bhd (collectively, referred to as the "Sellers") and CBRE Asia Retail Fund Limited as the Sellers' guarantor ("SPA") for the proposed acquisition by KLCCP of 136,666,668 ordinary shares of Suria KLCC, representing 40% equity interest in Suria KLCC not already owned by KLCCP, for a purchase consideration of RM1,950 million, to be fully satisfied in cash, based on the terms and subject to the conditions of the SPA. Please refer to attachment for further details of the announcement.

 

Please refer attachment below.


Announcement Info

Company Name KLCC PROPERTY HOLDINGS BERHAD
Stock Name KLCC
Date Announced 26 Jan 2024
Category General Announcement for PLC
Reference Number GA1-26012024-00044

Attachments

  1. Announcement_to_Bursa_20240126.pdf (Size: 263,253 bytes)