TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KERJAYA PROSPEK PROPERTY BERHAD ("KPPROP" OR THE "COMPANY") ENTRY INTO JOINT VENTURE AND SHAREHOLDERS' AGREEMENT BY KERJAYA PROPERTY JV SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF KPPROP WITH ASPEN VISION CITY SDN. BHD. TO JOINTLY DEVELOP A PIECE OF LAND IN BATU KAWAN, PULAU PINANG VIA A SPECIAL PURPOSE VEHICLE - FULFILMENT OF CONDITIONS PRECEDENT
| KERJAYA PROSPEK PROPERTY BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | KERJAYA PROSPEK PROPERTY BERHAD ("KPPROP" OR THE "COMPANY")
ENTRY INTO JOINT VENTURE AND SHAREHOLDERS' AGREEMENT BY KERJAYA PROPERTY JV SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF KPPROP WITH ASPEN VISION CITY SDN. BHD. TO JOINTLY DEVELOP A PIECE OF LAND IN BATU KAWAN, PULAU PINANG VIA A SPECIAL PURPOSE VEHICLE - FULFILMENT OF CONDITIONS PRECEDENT |
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(Reference is made to the announcement dated 9 May 2024, 23 September 2024, 6 December 2024 and 17 February 2025 in relation to the entry into Joint Venture Agreement ("JVA") and Shareholders' Agreement by Kerjaya Property JV Sdn. Bhd. ("KPJV"), a wholly-owned subsidiary of KPPROP with Aspen Vision City Sdn. Bhd. ("AVC") to jointly develop a piece of land in Batu Kawan, Pulau Pinang via a special purpose vehicle ("SPV") ("Announcements"). Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the Announcements.)
The Board wishes to announce that all conditions precedent of the JVA have been fulfilled on 24 April 2025 and, hence the JVA has become unconditional.
This announcement is dated 24 April 2025. |
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Announcement Info
| Company Name | KERJAYA PROSPEK PROPERTY BERHAD |
| Stock Name | KPPROP |
| Date Announced | 24 Apr 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24042025-00039 |