Bursa Filings
Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions
Type | Announcement | ||||||
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
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Description | CAPITAL A BERHAD ("CAPITAL A" OR THE "COMPANY") (I) PROPOSED AAAGL DISPOSAL; (II) PROPOSED AAB DISPOSAL; AND (III) PROPOSED DISTRIBUTION (COLLECTIVELY, THE "PROPOSALS") |
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Reference is made to the Company’s announcements dated 25 April 2024, 26 July 2024, 4 September 2024, 20 September 2024, 14 October 2024, 24 October 2024 and 4 November 2024 ("Announcements") as well as the Company’s circular to shareholders dated 20 September 2024 ("Circular") in relation to the Proposals. Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as the Circular.
On behalf of the Board, RHB Investment Bank Berhad wishes to announce that the Company and AAX have mutually agreed to further extend the AAAGL Cut-Off Date and AAB Cut-Off Date under the AAAGL SSPA and AAB SSPA, respectively, from 25 January 2025 until 24 March 2025 or such other date as mutually agreed between the Company and AAX in writing, for the Company and AAX to satisfy the AAAGL Conditions Precedent (save for the AAAGL Condition Precedent relating to due diligence on the AAAGL Target Entities, which has been satisfied) and AAB Conditions Precedent (save for the AAB Condition Precedent relating to due diligence on the AAB Target Entities, which has been satisfied), respectively. This is to allow additional time for the Company and AAX to, amongst others, obtain the approval and/or consent of the relevant authorities, financiers/lenders and/or third parties as well as the sanction of the High Court of Malaya for the capital reduction pursuant to the Proposed Distribution, and for AAX to finalise the definitive terms with the identified investors in relation to AAX’s Proposed Pre-Completion Private Placement Exercise.
In addition, the Company and AAX have mutually agreed to amend and vary the following salient terms of the SSPAs as detailed in the Circular:
Save for the amendments and variations as set out in this announcement, all other terms and conditions of the SSPAs shall remain in full force and effect.
This announcement is dated 24 January 2025. |
Announcement Info
Company Name | CAPITAL A BERHAD |
Stock Name | CAPITALA |
Date Announced | 24 Jan 2025 |
Category | General Announcement for PLC |
Reference Number | GA1-24012025-00020 |