| Subject | : |
CIRCULAR TO SHAREHOLDERS IN RELATION TO
PART A
PROPOSED DISPOSAL OF 60% EQUITY INTEREST IN WESTLINK GLOBAL INVESTMENTS LIMITED BY WALLENG ENTERPRISES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF AMCORP PROPERTIES BERHAD, TO BRITEL FUND TRUSTEES LIMITED BASED ON TERMS AND CONDITIONS OF THE CONDITIONAL SHARE SALE AND PURCHASE AGREEMENT ENTERED INTO AS DESCRIBED IN THIS CIRCULAR
PART B
PROPOSED ACQUISITION OF 30 RETAIL LOTS OF AMCORP MALL, 10 OFFICE LOTS LOCATED WITHIN AMCORP MALL, PJ TOWER AND AMCORP TOWER, 7 BUSINESS SUITES OF MENARA MELAWANGI AND 1,454 CAR PARK BAYS, ALL LOCATED WITHIN THE COMMERCIAL MIXED DEVELOPMENT KNOWN AS AMCORP TRADE CENTRE, BY LIVING DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF AMCORP PROPERTIES BERHAD, FROM MELAWANGI SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM75,000,000
AND INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED SHAREHOLDERS |
|