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") |
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. |
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 |