General Announcement for PLC

08/08/2022

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ILB GROUP BERHAD (FORMERLY KNOWN AS INTEGRATED LOGISTICS BERHAD) ("ILB" OR THE "COMPANY") PROPOSED ACQUISITION BY ILB OF 9 PARCELS OF FREEHOLD COMMERCIAL LAND WITH SHOPLOTS ERECTED THEREON IN SEKSYEN 19, 47300 PETALING JAYA, SELANGOR MEASURING AN APPROXIMATE AREA OF 1,124 SQUARE METRES IN AGGREGATE ("PROPERTIES") FOR A TOTAL CONSIDERATION OF RM15.9 MILLION ("PROPOSED ACQUISITION")

ILB GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
ILB GROUP BERHAD (FORMERLY KNOWN AS INTEGRATED LOGISTICS BERHAD) ("ILB" OR THE "COMPANY")

PROPOSED ACQUISITION BY ILB OF 9 PARCELS OF FREEHOLD COMMERCIAL LAND WITH SHOPLOTS ERECTED THEREON IN SEKSYEN 19, 47300 PETALING JAYA, SELANGOR MEASURING AN APPROXIMATE AREA OF 1,124 SQUARE METRES IN AGGREGATE ("PROPERTIES") FOR A TOTAL CONSIDERATION OF RM15.9 MILLION ("PROPOSED ACQUISITION")

We refer to the announcements dated 30 June 2022, 7 July 2022, 15 July 2022, 29 July 2022, 3 August 2022, 5 August 2022, as well as the announcement dated 8 August 2022 in relation to the filing of an originating summons in the High Court at Kuala Lumpur by ILB and its directors against UOB Kay Hian Nominees (Asing) Sdn Bhd and Best Venture Capital Sdn Bhd (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board of Directors of ILB, Kenanga Investment Bank Berhad wishes to announce that following the actions taken by ILB to resolve the litigation matters in the announcements dated 3 August 2022, 5 August 2022, as well as 8 August 2022, the Company had withdrawn the additional listing application dated 7 July 2022 in relation to the Proposed Acquisition.

 

The Company intends to, upon taking into consideration further developments pertaining to the above litigation matters, re-submit the additional listing application in relation to the Proposed Acquisition to Bursa Malaysia Securities Berhad.

 

The Company will announce any further material development in relation to the Proposed Acquisition accordingly.

 

This announcement is dated 8 August 2022.



Announcement Info

Company Name ILB GROUP BERHAD
Stock Name ILB
Date Announced 08 Aug 2022
Category General Announcement for PLC
Reference Number GA1-08082022-00063


Related Announcements for ILB
Date Title
18/08/2022 MATERIAL LITIGATION ILB GROUP BERHAD ("ILB" or the "COMPANY") - IN THE HIGH COURT OF MALAYA AT SHAH ALAM SUIT NO. BA-22NCVC-1257-08/2022; BT INVESTMENT CAPITAL LIMITED (PLAINTIFF) AGAINST (1) TEE TUAN SEM, (2) DATUK KAROWNAKARAN @ KARUNAKARAN RAMASAMY, (3) MAKOTO TAKAHASHI, (4) WAN AZFAR BIN DATO WAN ANNUAR, (5) DATO WAN HASHIM BIN WAN JUSOH, (6) SOH ENG HOOI, (7) JAMILAH BINTI KAMAL, (8) IMPIAN NURI SDN BHD AND (9) ILB GROUP BERHAD (DEFENDANTS)
15/08/2022 WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR ILB GROUP BERHAD ("ILB" or the "COMPANY") - DISSOLUTION OF ISH LOGISTICS GROUP LIMITED
10/08/2022 MATERIAL LITIGATION ILB GROUP BERHAD ("ILB" or the "COMPANY") - IN THE HIGH COURT OF MALAYA AT SHAH ALAM SUIT NO. BA-22NCVC-1257-08/2022; BT INVESTMENT CAPITAL LIMITED (PLAINTIFF) AGAINST (1) TEE TUAN SEM, (2) DATUK KAROWNAKARAN @ KARUNAKARAN RAMASAMY, (3) MAKOTO TAKAHASHI, (4) WAN AZFAR BIN DATO WAN ANNUAR, (5) DATO WAN HASHIM BIN WAN JUSOH, (6) SOH ENG HOOI, (7) JAMILAH BINTI KAMAL, (8) IMPIAN NURI SDN BHD AND (9) ILB GROUP BERHAD (DEFENDANTS)
10/08/2022 MATERIAL LITIGATION ILB GROUP BERHAD ("ILB" or the "COMPANY") - IN THE HIGH COURT OF MALAYA AT KUALA LUMPUR SUIT NO. WA-24NCC-829-08/2022 (1) ILB, (2) TEE TUAN SEM, (3) DATUK KAROWNAKARAN @ KARUNAKARAN RAMASAMY, (4) MAKOTO TAKAHASHI, (5) WAN AZFAR BIN DATO WAN ANNUAR, (6) DATO WAN HASHIM BIN WAN JUSOH, (7) SOH ENG HOOI, (8) JAMILAH BINTI KAMAL, ( PLAINTIFFS) AGAINST (1) UOB KAY HIAN NOMINEES (ASING) SDN BHD AND (2) BEST VENTURE CAPITAL SDN BHD (DEFENDANTS)
08/08/2022 MATERIAL LITIGATION ILB GROUP BERHAD ("ILB" or the "COMPANY") - IN THE HIGH COURT OF MALAYA AT KUALA LUMPUR SUIT NO. WA-24NCC-829-08/2022 (1) ILB, (2) TEE TUAN SEM, (3) DATUK KAROWNAKARAN @ KARUNAKARAN RAMASAMY, (4) MAKOTO TAKAHASHI, (5) WAN AZFAR BIN DATO WAN ANNUAR, (6) DATO WAN HASHIM BIN WAN JUSOH, (7) SOH ENG HOOI, (8) JAMILAH BINTI KAMAL, (PLAINTIFFS) AGAINST (1) UOB KAY HIAN NOMINEES (ASING) SDN BHD AND (2) BEST VENTURE CAPITAL SDN BHD (DEFENDANTS)
05/08/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ILB GROUP BERHAD (FORMERLY KNOWN AS INTEGRATED LOGISTICS BERHAD) ("ILB" OR THE "COMPANY") PROPOSED ACQUISITION BY ILB OF 9 PARCELS OF FREEHOLD COMMERCIAL LAND WITH SHOPLOTS ERECTED THEREON IN SEKSYEN 19, 47300 PETALING JAYA, SELANGOR MEASURING AN APPROXIMATE AREA OF 1,124 SQUARE METRES IN AGGREGATE ("PROPERTIES") FOR A TOTAL CONSIDERATION OF RM15.9 MILLION ("PROPOSED ACQUISITION")
05/08/2022 ILB GROUP BERHAD ("ILB" or the "COMPANY") - IN THE HIGH COURT OF MALAYA AT SHAH ALAM SUIT NO. BA-22NCVC-1257-08/2012; BT INVESTMENT CAPITAL LIMITED (PLAINTIFF) AGAINST (1) TEE TUAN SEM, (2) DATUK KAROWNAKARAN @ KARUNAKARAN RAMASAMY, (3) MAKOTO TAKAHASHI, (4) WAN AZFAR BIN DATO WAN ANNUAR, (5) DATO WAN HASHIM BIN WAN JUSOH, (6) SOH ENG HOOI, (7) JAMILAH BINTI KAMAL, (8) IMPIAN NURI SDN BHD, (9) ILB
03/08/2022 Article entitled : "ILB Group's minority shareholder sues to block RM16m acquisition said to be stock dilutive"
03/08/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ILB GROUP BERHAD (FORMERLY KNOWN AS INTEGRATED LOGISTICS BERHAD) ("ILB" OR THE "COMPANY") PROPOSED ACQUISITION BY ILB OF 9 PARCELS OF FREEHOLD COMMERCIAL LAND WITH SHOPLOTS ERECTED THEREON IN SEKSYEN 19, 47300 PETALING JAYA, SELANGOR MEASURING AN APPROXIMATE AREA OF 1,124 SQUARE METRES IN AGGREGATE ("PROPERTIES") FOR A TOTAL CONSIDERATION OF RM15.9 MILLION ("PROPOSED ACQUISITION")
03/08/2022 MATERIAL LITIGATION ILB GROUP BERHAD ("ILB" or the "COMPANY") - IN THE HIGH COURT OF MALAYA AT SHAH ALAM SUIT NO. BA-22NCVC-1257-08/2012; BT INVESTMENT CAPITAL LIMITED (PLAINTIFF) AGAINST (1) TEE TUAN SEM, (2) DATUK KAROWNAKARAN @ KARUNAKARAN RAMASAMY, (3) MAKOTO TAKAHASHI, (4) WAN AZFAR BIN DATO WAN ANNUAR, (5) DATO WAN HASHIM BIN WAN JUSOH, (6) SOH ENG HOOI, (7) JAMILAH BINTI KAMAL, (8) IMPIAN NURI SDN BHD, (9) ILB