|Company Name||INSAS BERHAD|
|Date Announced||01 Jul 2022|
|Category||General Announcement for PLC|
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
INSAS BERHAD ("INSAS" OR THE "COMPANY") PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN M & A SECURITIES SDN BHD ("M & A SECURITIES") FOR A CONSIDERATION OF RM222.0 MILLION
(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those stated in the Company’s announcements in relation to the SYF Proposals dated 6 October 2021)
Reference is made to the Company’s announcements dated 6 October 2021 and 2 December 2021. On behalf of the Board, M & A Securities wishes to announce that Insas and the Buyer had on 1 July 2022 agreed to extend the conditional period of the SSPA to 4 January 2023.
This announcement is dated 1 July 2022.