General Announcement for PLC
24/01/2022TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS OCR GROUP BERHAD ("OCR" OR THE "COMPANY") PROPOSED 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 ("PROPOSED 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") PROPOSED 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 ("PROPOSED ACQUISITION OF OCR SELAYANG") |
We refer to the Company's announcements dated 8 November 2021 and 10 January 2022 in relation to the Proposed 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 Bursa Securities had, vide its letter dated 21 January 2022, approved the listing and quotation of 104,953,197 Consideration Shares to be issued pursuant to the Proposed Acquisition of OCR Selayang, subject to the following conditions:
i. Confirmation by RHBIB on the compliance of at least 25% of the public shareholding spread requirements pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities ("Listing Requirements") upon the listing and quotation of the Consideration Shares;
ii. OCR and RHBIB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposed Acquisition of OCR Selayang;
iii. OCR/ RHBIB to furnish Bursa Securities with the certified true copy of the resolution passed by the shareholders at extraordinary general meeting approving the Proposed Acquisition of OCR Selayang;
iv. OCR and RHBIB to inform Bursa Securities upon the completion of the Proposed Acquisition of OCR Selayang; and
v. OCR and RHBIB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Acquisition of OCR Selayang is completed.
This announcement is dated 24 January 2022. |
Announcement Info
Company Name | OCR GROUP BERHAD |
Stock Name | OCR |
Date Announced | 24 Jan 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-24012022-00009 |