Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

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Jan 17, 2025

 

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description SOUTHERN SCORE BUILDERS BERHAD

PROPOSED ACQUISITION BY SOUTHERN SCORE BUILDERS BERHAD OF 1,275,000 ORDINARY SHARES IN SJEE ENGINEERING SDN BHD ("SJEE"), REPRESENTING 51% EQUITY INTEREST IN SJEE FROM NGO HEA BING FOR A TOTAL CASH CONSIDERATION OF RM22,950,000 ("PROPOSED ACQUISITION")

We refer to the announcements dated 13 May 2024, 12 August 2024, 13 August 2024, 14 August 2024, 30 August 2024, 12 November 2024 and 6 January 2025 in relation to the Proposed Acquisition (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein. 

 

On behalf of SSBB, Kenanga IB wishes to announce that the parties have proceeded with the completion of the Proposed Acquisition on 17 January 2025 in accordance with the terms and conditions of the SJEE SSA including the payment of the balance Purchase Consideration of RM20,655,000.

 

This announcement is dated 17 January 2025.

 


Announcement Info

Company Name SOUTHERN SCORE BUILDERS BERHAD
Stock Name SSB8
Date Announced 17 Jan 2025
Category General Announcement for PLC
Reference Number GA1-17012025-00040