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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MAJUPERAK HOLDINGS BERHAD ("MHB" or "the Company") AGREEMENTS IN RELATION TO THE PROPOSED ACQUISITION OF 49% EQUITY INTEREST IN ALLIED GROUP PROPERTY SERVICES SDN BHD ("AGPS") AND ALLIED GROUP PROPERTY SERVICES (PENANG) SDN BHD ("AGPSP") (COLLECTIVELY THE "TARGET COMPANIES") BY MAJUPERAK HOLDINGS BERHAD ("MHB" or "THE COMPANY") ("PROPOSED ACQUISITION")

MAJUPERAK HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
MAJUPERAK HOLDINGS BERHAD ("MHB" or "the Company")

AGREEMENTS IN RELATION TO THE PROPOSED ACQUISITION OF 49% EQUITY INTEREST IN ALLIED GROUP PROPERTY SERVICES SDN BHD ("AGPS") AND ALLIED GROUP PROPERTY SERVICES (PENANG) SDN BHD ("AGPSP") (COLLECTIVELY THE "TARGET COMPANIES") BY MAJUPERAK HOLDINGS BERHAD ("MHB" or "THE COMPANY")  ("PROPOSED ACQUISITION")

Further to the Company's announcements on 30 March 2022, 29 April 2022 and 2 August 2022, the Board of Directors of MHB wishes to announce that Majuperak Property Management Sdn Bhd (“MPM”) a wholly owned subsidiary of MHB, as the Company’s nominee to hold the Sale Shares has on 11 August 2022 entered into the following agreements (i) to (iii) with the Vendors being part of the Proposed Acquisition:

 

(i) Shareholders Agreement in respect of AGPS (“Shareholders Agreement of AGPS”);

(ii) Shareholders Agreement in respect of AGPSP (“Shareholders Agreement of AGPSP”);  

(iii) Joint Venture cum Shareholders Agreement (“JV Agreement”) to incorporate Majuperak Allied Sdn Bhd (“MASB” or the "JV Company") as the joint venture company pursuant to the share sale agreement between MHB and the Vendors dated 1 August 2022 (“SSA”); and

(iv) Master Facilities Agreement between JV Company and the Vendors (“MFA”).

 

Item (i) to (iv) above collectively referred to as “the Agreements.”

 

Please refer to the attachment for further details.

 

This announcement is dated 11 August 2022.

 




Please refer attachment below.



Announcement Info

Company Name MAJUPERAK HOLDINGS BERHAD
Stock Name MJPERAK
Date Announced 11 Aug 2022
Category General Announcement for PLC
Reference Number GA1-10082022-00056


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