We refer to the announcements dated 20 June 2011, 10 August 2011, 26 August 2011 and 5 September 2011 in relation to the Disposal. All terms used herein shall have the same meaning as given in the said announcements.
We wish to announce that AMPROP had today received confirmation from its solicitors in London that the Disposal has been completed on 6 September 2011 following the full settlement of the Initial Consideration of GBP27,420,023 (equivalent to approximately RM134,358,113 based on exchange rate of GBP1:RM4.90) by the Purchaser to Walleng Enterprises Sdn Bhd in accordance with the terms of the Share Sale and Purchase Agreement. Accordingly, Westlink Global Investments Limited ceased to be a subsidiary of AMPROP.
Further, the Rent Review Proceeds of GBP1,300,268 (equivalent to approximately RM6,371,313 based on exchange rate of GBP1:RM4.90) has also been received by Walleng Enterprises Sdn Bhd.
This announcement is dated 7 September 2011.