TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionBOUSTEAD HOLDINGS BERHAD (“BHB” OR “COMPANY”)

DISPOSAL BY BHB OF THE ENTIRE EQUITY INTEREST IN BOUSTEAD CRUISE CENTRE SDN BHD TO WESTPORTS HOLDINGS BERHAD (“WHB”) AND KLANG PORT MANAGEMENT SDN BHD (“KPM”) (COLLECTIVELY, THE “PURCHASERS”) FOR A CASH CONSIDERATION OF RM230,000,000 (“DISPOSAL”)

Reference is made to BHB’s announcement on 19 March 2021 in relation to the Disposal (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

On behalf of the board of directors of BHB, CIMB Investment Bank Berhad wishes to announce that on 10 September 2021, the parties to the SSA have agreed to extend the date by which the Purchasers are required to obtain the approval from the Economic Planning Unit of the Prime Minister’s Department pursuant to the Guideline on the Acquisition of Properties for the sale by BHB of the Sale Shares (“EPU Approval”) to 31 October 2021.

Save in respect of the foregoing, all the other terms of the SSA remain unchanged. The salient terms of the SSA relating to the EPU Approval are set out in the Announcement.

 

This announcement is dated 10 September 2021.

 


Announcement Info

Company NameBOUSTEAD HOLDINGS BERHAD
Stock NameBSTEAD
Date Announced10 Sep 2021
CategoryGeneral Announcement for PLC
Reference NumberGA1-10092021-00017