General Announcement for PLC
30/08/2021OTHERS PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN KENCANA PRECAST CONCRETE SDN. BHD. ("PROPOSED ACQUISITION") - COMPLETION OF THE PROPOSED ACQUISITION
| SARAWAK CONSOLIDATED INDUSTRIES BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN KENCANA PRECAST CONCRETE SDN. BHD. ("PROPOSED ACQUISITION")
- COMPLETION OF THE PROPOSED ACQUISITION |
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We refer to the Company's announcement dated 14 April 2021, 16 April 2021 and 11 August 2021 in relation to the Proposed Acquisition ("Announcement"). Unless otherwise stated, the terms used herein shall have the same meanings as those set out in the Announcement.
Pursuant to the Share Sale Agreement dated 14 April 2021 (hereinafter referred to as “SSA”), the Board wishes to announce that, on 16 August 2021, all the Conditions Precedent as set out in the SSA in relation to the Proposed Acquisition of Kencana Precast Concrete Sdn. Bhd. (“KPCSB”) have been fulfilled. The SSA was completed on 30 August 2021. Following the completion, KPCSB is now a wholly-owned subsidiary of the Company.
This announcement is dated 30 August 2021. |
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Announcement Info
| Company Name | SARAWAK CONSOLIDATED INDUSTRIES BERHAD |
| Stock Name | SCIB |
| Date Announced | 30 Aug 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12082021-00039 |
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