General Announcement for PLC

22/08/2022

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS AME ELITE CONSORTIUM BERHAD ("AME" OR "COMPANY") PROPOSED ACQUISITION OF SEVENTY TWO (72) FREEHOLD INDUSTRIAL PLOTS MEASURING APPROXIMATELY 169.75 ACRES IN PHASE 3, SOUTHERN INDUSTRIAL & LOGISTICS CLUSTERS (SILC) IN ISKANDAR PUTERI, JOHOR FOR AN INDICATIVE TOTAL PURCHASE CONSIDERATION OF APPROXIMATELY RM434.29 MILLION

AME ELITE CONSORTIUM BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
AME ELITE CONSORTIUM BERHAD ("AME" OR "COMPANY")

PROPOSED ACQUISITION OF SEVENTY TWO (72) FREEHOLD INDUSTRIAL PLOTS MEASURING APPROXIMATELY 169.75 ACRES IN PHASE 3, SOUTHERN INDUSTRIAL & LOGISTICS CLUSTERS (SILC) IN ISKANDAR PUTERI, JOHOR FOR AN INDICATIVE TOTAL PURCHASE CONSIDERATION OF APPROXIMATELY RM434.29 MILLION

Unless otherwise defined, all terms used in this announcement shall have the same meanings as defined in the announcements dated 9 October 2020, 6 November 2020, 7 December 2020, 30 December 2020, 8 April 2021, 30 April 2021, 30 July 2021, 28 October 2021, 17 December 2021 and 3 March 2022 in relation to the Proposed Acquisitions.

 

On behalf of the Board of Directors of AME, RHB Investment Bank Berhad wishes to announce that the Bumi Release has been obtained for 1 Bumi Plot under the SPA 2. Pursuant thereto, the last condition precedent to the said Bumi Plot has been obtained and the acquisition of said Bumi Plot has become unconditional on 22 August 2022.

 

The status of the fulfilment of the Bumi Release for the remaining 14 Bumi Plots under the SPA 2 is pending and will be updated accordingly.

 

This announcement is dated 22 August 2022.



Announcement Info

Company Name AME ELITE CONSORTIUM BERHAD
Stock Name AME
Date Announced 22 Aug 2022
Category General Announcement for PLC
Reference Number GA1-22082022-00065


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