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.
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