General Announcement for PLC

04/03/2022

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS OCR GROUP BERHAD ("OCR" OR THE "COMPANY") ACQUISITION BY OCR OF 50% EQUITY INTEREST IN OCR SELAYANG INDUSTRIAL PARK SDN BHD (FORMERLY KNOWN AS SUONG SDN BHD) ("OCR SELAYANG") FROM ONG KAH HOE AND LEE WEI JACK FOR AN INDICATIVE PURCHASE CONSIDERATION OF APPROXIMATELY RM14.12 MILLION TO BE SATISFIED ENTIRELY VIA ISSUANCE AND ALLOTMENT OF NEW ORDINARY SHARES IN OCR ("ACQUISITION OF OCR SELAYANG")

OCR GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description 
OCR GROUP BERHAD ("OCR" OR THE "COMPANY")

ACQUISITION BY OCR OF 50% EQUITY INTEREST IN OCR SELAYANG INDUSTRIAL PARK SDN BHD (FORMERLY KNOWN AS SUONG SDN BHD) ("OCR SELAYANG") FROM ONG KAH HOE AND LEE WEI JACK FOR AN INDICATIVE PURCHASE CONSIDERATION OF APPROXIMATELY RM14.12 MILLION TO BE SATISFIED ENTIRELY VIA ISSUANCE AND ALLOTMENT OF NEW ORDINARY SHARES IN OCR ("ACQUISITION OF OCR SELAYANG")

We refer to the Company's announcements dated 8 November 2021, 10 January 2022, 24 January 2022 and 24 February 2022 in relation to the Acquisition of OCR Selayang. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.

 

On behalf of the Board, RHB Investment Bank Berhad ("RHBIB") wishes to announce that the SSA has become unconditional on 3 March 2022. Following thereto, the Acquisition of OCR Selayang has been completed on 4 March 2022 in accordance with the terms of the SSA following the issuance and allotment of the Consideration Shares to the Vendors on 4 March 2022.

 

The Consideration Shares are expected to be listed and quoted on the Main Market of Bursa Securities on 8 March 2022.

 

This announcement is dated 4 March 2022.



Announcement Info

Company Name OCR GROUP BERHAD
Stock Name OCR
Date Announced 04 Mar 2022
Category General Announcement for PLC
Reference Number GA1-04032022-00030


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