TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS

Company Name SCGM BHD
Stock Name SCGM
Date Announced 24 Jun 2022
Category General Announcement for PLC
Reference Number GA1-24062022-00056

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SCGM BHD ("SCGM" OR "COMPANY")

(I)	PROPOSED DISPOSAL; AND

(II)	PROPOSED DISTRIBUTION

(COLLECTIVELY REFERRED TO AS "PROPOSALS")

Reference is made to the Company’s announcement dated 9 May 2022 and subsequent announcement in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions used in this announcement shall have the same meanings as those defined in the Announcements.

On behalf of the Board, HLIB wishes to announce that SCGM had on 24 June 2022 entered into an addendum letter to the SSA dated 9 May 2022 with Mitsui and FPCO (“Purchasers”) (“Addendum Letter”) to vary and amend certain terms and conditions of the SSA dated 9 May 2022 (“Variations”) and agree to allow termination of the earlier SPA dated 9 May 2022 with LSSPI in relation to the Transfer of Properties. 

Separately, LSSPI had on even date entered into 2 sale and purchase agreements with Habipack Sdn Bhd (“HSB”), a wholly-owned subsidiary of SCGM, for a total cash consideration of RM18.80 million for the Transfer of Properties.

Kindly refer to the attached document for further details on the Proposals.

This announcement is dated 24 June 2022.




Please refer attachment below.



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