General Announcement for PLC
03/09/2021TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS YTL CORPORATION BERHAD ("YTL CORP" OR "COMPANY") PROPOSED DISPOSAL BY YTL CEMENT BERHAD ("YTL CEMENT" OR "VENDOR") OF ITS ENTIRE EQUITY INTEREST IN 10 COMPANIES AND THEIR RESPECTIVE SUBSIDIARIES WHICH ARE INVOLVED IN CEMENT AND READY-MIXED CONCRETE BUSINESSES IN MALAYSIA TO MALAYAN CEMENT BERHAD ("MCB" OR "PURCHASER") FOR A TOTAL CONSIDERATION OF RM5,158.1 MILLION, SUBJECT TO ADJUSTMENTS ("PROPOSED DISPOSAL")
| YTL CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | YTL CORPORATION BERHAD ("YTL CORP" OR "COMPANY")
PROPOSED DISPOSAL BY YTL CEMENT BERHAD ("YTL CEMENT" OR "VENDOR") OF ITS ENTIRE EQUITY INTEREST IN 10 COMPANIES AND THEIR RESPECTIVE SUBSIDIARIES WHICH ARE INVOLVED IN CEMENT AND READY-MIXED CONCRETE BUSINESSES IN MALAYSIA TO MALAYAN CEMENT BERHAD ("MCB" OR "PURCHASER") FOR A TOTAL CONSIDERATION OF RM5,158.1 MILLION, SUBJECT TO ADJUSTMENTS ("PROPOSED DISPOSAL") |
|
(Unless otherwise stated, the abbreviations and definitions used in this announcement shall have the same meanings as those previously defined in the Company’s announcements dated 12 May 2021 and 26 July 2021 in relation to the Proposed Disposal (“Announcements”).)
We refer to the Announcements in relation to the Proposed Disposal.
On behalf of the Board, RHB Investment Bank wishes to announce that all the conditions precedent of the SSA have been fulfilled and the SSA has become unconditional on 2 September 2021.
This announcement is dated 3 September 2021. |
|
Announcement Info
| Company Name | YTL CORPORATION BERHAD |
| Stock Name | YTL |
| Date Announced | 03 Sep 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02092021-00069 |
Related Announcements for YTL