The abbreviations used throughout
this announcement are the same as those previously defined in the earlier announcements
in relation to the Proposals.
We refer to the earlier announcements made in relation
to the Proposals.
On behalf of the Board of Directors of IDEAL, M&A
Securities Sdn Bhd is pleased to announce that the final payment of RM14.4
million (being balance of Total Consideration less Retention Sum) has been paid
by ICSB to Vendor I of Property I pursuant to the terms and conditions of the
SPA I for the Acquisition I.
In relation thereto, the Acquisition I is deemed
This announcement is dated 13 March 2015.