Bursa Anouncements
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS HEXTAR RETAIL BERHAD (FORMERLY KNOWN AS CLASSIC SCENIC BERHAD) (I) DEED OF NOVATION IN RELATION TO THE PRINCIPAL TENANCY AGREEMENT ENTERED INTO WITH LQ RETAIL SDN. BHD. ("LRSB"), ZOK TRX SDN. BHD. ("ZTRX") AND CRAVING HUB SDN. BHD. ("CHSB"); AND (II) ACQUISITION OF ASSETS FROM ZTRX (COLLECTIVELY REFERRED TO AS "TRANSACTIONS")
| HEXTAR RETAIL BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | HEXTAR RETAIL BERHAD (FORMERLY KNOWN AS CLASSIC SCENIC BERHAD)
(I) DEED OF NOVATION IN RELATION TO THE PRINCIPAL TENANCY AGREEMENT ENTERED INTO WITH
LQ RETAIL SDN. BHD. ("LRSB"), ZOK TRX SDN. BHD. ("ZTRX") AND CRAVING HUB SDN. BHD. ("CHSB");
AND
(II) ACQUISITION OF ASSETS FROM ZTRX
(COLLECTIVELY REFERRED TO AS "TRANSACTIONS") |
|
Pursuant to Paragraph 10.08(1) of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad, the Board of Directors of Hextar Retail Berhad (formerly known as Classic Scenic Berhad) (“HRB”) wishes to announce that:
(i) a Deed of Novation was entered into between CHSB, a 51%-owned indirect subsidiary of HRB, LRSB and ZTRX ("Deed"), to novate all ZTRX's rights, interest, benefits, obligations and liabilities in and under the Principal Tenancy Agrement ("Tenancy Agreement") and the Premises provisionally known as #Lot L2.65.0, Level 2, The Exchange TRX, Persiaran TRX, Tun Razak Exchange, 55188 Kuala Lumpur, W. P. Kuala Lumpur.
CHSB shall pay ZTRX the sum of RM242,460.00 being the deposit payment in relation to the Tenancy Agreement (“Deposit”).
(ii) acquisition of assets from ZTRX for a total cash consideration of RM1,558,000.00 as per Appendix A.
(collectively referred to as “Transactions”)
Please refer to the attachment for further details.
This announcement is dated 18 September 2024. |
|
Please refer attachment below.
Announcement Info
| Company Name | HEXTAR RETAIL BERHAD |
| Stock Name | HEXRTL |
| Date Announced | 18 Sep 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13092024-00035 |