Transactions (Chapter 10 Of Listing Requirements):Non Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SALCON BERHAD (“SALCON” or “COMPANY”) PROPOSED ACQUISITION OF LANDS IN DAERAH OF JOHOR BAHRU, JOHOR DARUL TA’ZIM BY NUSANTARA MEGAJUTA SDN BHD, A 50.01% SUBSIDIARY OF SALCON (“PURCHASER”) FROM TOTAL MERIT SDN BHD (“TOTAL MERIT”) (“PROPOSED ACQUISITION”) |
We refer to the announcement made on 8 November 2012 in relation to the Proposed Acquisition (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein. On behalf of the Board of Directors of Salcon, AFFIN Investment Bank Berhad wishes to announce that the Purchaser, Total Merit and the State Secretary Johor (Incorporation) (“SSI”) have mutually agreed to extend the timeline to execute a definitive sale and purchase agreement (“SPA”) to be entered into between the Purchaser, Total Merit and SSI, by thirty (30) days from the date of expiration of the timeline for execution of the same pursuant to the Letter of Offer, which is 7 December 2012 (“Extension Letter”). Save for the aforementioned, all the other terms of the Letter of Offer remain unchanged. A copy of the Extension Letter will be made available for inspection at the registered office of Salcon at 15th Floor, Menara Summit, Persiaran Kewajipan, USJ 1, 47600 UEP Subang Jaya, Selangor Darul Ehsan, during normal office hours on Mondays to Fridays (expect public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 7 December 2012. |
|
Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 7 Dec 2012 |
| Category | General Announcement |
| Reference No | MI-121207-55361 |