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BackApr 21, 2017
Type Announcement
Subject OTHERS
Description

Status of the Disposal of Investment

The Board of Directors is pleased to announce the conclusion of the Share Sale Agreement (SSA) between Culmen Sdn Bhd, a wholly-owned subsidiary of Reliance Pacific Berhad and Ibu Kota Development Sdn Bhd (Ibu Kota) on 21 April 2017.

The said SSA relates to the sale of 39.99% stake (equivalent to 2,728,267 ordinary shares of RM1.00 each) in Menara Ampang Sdn Bhd for a cash consideration of RM41,515,000 as extended on 6 August 2015 to 30 June 2017.





Announcement Info

Company Name RELIANCE PACIFIC BERHAD
Stock Name RPB
Date Announced 21 Apr 2017
Category General Announcement for PLC
Reference Number GA1-21042017-00084