TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED DEVELOPMENT OF A PARCEL OF LEASEHOLD LAND AT JALAN CHERAS, KUALA LUMPUR BY SYMPHONY LIFE BERHAD FOR A TOTAL CONSIDERATION OF RM100.081 MILLION - SUPPLEMENTAL LETTER
|SYMPHONY LIFE BERHAD|
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
PROPOSED DEVELOPMENT OF A PARCEL OF LEASEHOLD LAND AT JALAN CHERAS, KUALA LUMPUR BY SYMPHONY LIFE BERHAD FOR A TOTAL CONSIDERATION OF RM100.081 MILLION - SUPPLEMENTAL LETTER
Further to the announcements made on 8 October 2015 and 26 September 2018, the Board of Directors of Symphony Life Berhad ("SymLife" or "the Company") wishes to announce that SymLife had entered into a Supplemental Letter with Majlis Kebajikan Dan Sukan Anggota-Anggota Kerajaan Malaysia ("MAKSAK"), wherein both parties mutually consented and agreed to modify and vary the terms and conditions in the Development Agreement ("DA").
The parties agreed to vary Clauses 7.1 and 8 of the DA wherein in consideration of and in exchange for the Company's obligations, MAKSAK shall transfer a parcel of leasehold land held under PN 22976, Lot 51867, Mukim and District of Kuala Lumpur ("the Project Land") to Kejora Harta Development Sdn. Bhd., a nominated wholly-owned subsidiary of the Company. All other terms and conditions in the DA shall remain in full force and effect.
This announcement is dated 24 January 2019.
|Company Name||SYMPHONY LIFE BERHAD|
|Date Announced||24 Jan 2019|
|Category||General Announcement for PLC|