Date : 28 October 2024
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY") PROPOSED DISPOSAL OF KOTA LAKSAMANA 101 BARGE ("KL101 BARGE" OR THE "BARGE") TO PT. WINTERMAR RAJAWALI ASIA FOR A CASH CONSIDERATION OF USD9.70 MILLION ("PROPOSED DISPOSAL")
| BARAKAH OFFSHORE PETROLEUM BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY")
PROPOSED DISPOSAL OF KOTA LAKSAMANA 101 BARGE ("KL101 BARGE" OR THE "BARGE") TO PT. WINTERMAR RAJAWALI ASIA FOR A CASH CONSIDERATION OF USD9.70 MILLION ("PROPOSED DISPOSAL") |
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On behalf of the Board of Directors of Barakah, Malacca Securities Sdn Bhd wishes to announce that Kota Laksamana 101 Ltd, an indirect wholly-owned subsidiary of Barakah (“KL101 Ltd” or the “Vendor”), had on 28 October 2024, entered into a conditional memorandum of agreement with PT. Wintermar Rajawali Asia (“PT. WRA” or the “Purchaser”) for the proposed disposal of the KL101 Barge to PT. WRA at a cash consideration of USD9.70 million (equivalent to approximately RM41.81 million).
Further details of the Proposed Disposal are set out in the enclosed attachment. |
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Please refer attachment below.
Announcement Info
| Company Name | BARAKAH OFFSHORE PETROLEUM BERHAD |
| Stock Name | BARAKAH |
| Date Announced | 28 Oct 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28102024-00071 |