General Announcement for PLC

17/12/2021

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 and 28 October 2021 in relation to the Proposed Acquisitions.

 

On behalf of the Board of Directors of AME, RHB Investment Bank Berhad wishes to announce that the EPU Consent has been obtained for the SPA 1 and SPA 2. Pursuant thereto, the last condition precedent to the SPA 1 has been obtained and the SPA 1 has become unconditional on 17 December 2021.

 

In addition, the parties to the SPA 2 have mutually agreed to extend the cut-off date to 30 December 2022 for the Vendor to obtain the Bumi Release (being the last condition precedent to the SPA 2 as stated in item 3(b) of Appendix IV of the Circular to shareholders dated 24 March 2021 in relation to the Proposed Acquisitions).

 

This announcement is dated 17 December 2021. 



Announcement Info

Company Name AME ELITE CONSORTIUM BERHAD
Stock Name AME
Date Announced 17 Dec 2021
Category General Announcement for PLC
Reference Number GA1-17122021-00050


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