We refer to the earlier announcements in relation to the Proposals (“Earlier Announcements”) and the Circular to shareholders of the Company dated 24 June 2015 (“Circular”).
Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Earlier Announcements and the Circular.
On behalf of the Board of Directors of KPJ, AmInvestment Bank Berhad wishes to announce that the parties to the SPA had exchanged letters to extend the cut-off date for the fulfilment of the conditions precedent by an additional three (3) months to 2 January 2016. This is to allow time for the Memorandum of Transfer for the Properties to be presented for registration at the relevant registry (“Registration”). The Registration is pending due to the relevant stamp duty office endorsement that the Memorandum of Transfer in respect of the Properties is exempted from the payment of stamp duty pursuant to Stamp Duty (Exemption) (No. 4) Order 2004 which has yet to be obtained to-date.
This announcement is dated 1 October 2015.