TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CRESCENDO CORPORATION BERHAD ("CCB" OR THE "COMPANY") (I) PROPOSED DISPOSAL 1; AND (II) PROPOSED DISPOSAL 2, (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| CRESCENDO CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | CRESCENDO CORPORATION BERHAD ("CCB" OR THE "COMPANY")
(I) PROPOSED DISPOSAL 1; AND
(II) PROPOSED DISPOSAL 2,
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
|
We refer to the announcement dated 14 November 2025 in relation to the Proposals. Unless otherwise defined, the definitions set out in the announcement dated 14 November 2025 shall apply herein.
On behalf of the Board, UOBKH wishes to announce that CDSB, had on even date, received notice in writing from PRED that PRED does not intend to exercise its right of first refusal to purchase Subject Property 2 and has exercised its right to terminate the ROFR Agreement pursuant to Clause 2.1.4(b)(iii) of the ROFR Agreement (“Termination”). Following the Termination, the RTP Earnest Deposit will be refunded to PRED within 5 business days.
Notwithstanding that, CDSB and PRED will proceed with Proposed Disposal 1 and CCB shall seek shareholders’ approval for the disposal of Subject Property 1.
This announcement is dated 10 December 2025. |
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Announcement Info
| Company Name | CRESCENDO CORPORATION BERHAD |
| Stock Name | CRESNDO |
| Date Announced | 10 Dec 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10122025-00033 |