TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED JOINT VENTURE BETWEEN CITAGLOBAL PROPERTY DEVELOPMENT SDN BHD (FORMERLY KNOWN AS SINERGI DAYANG SDN BHD), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, AND VARIA CREST SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF VARIA BERHAD, FOR A PROPOSED MIXED DEVELOPMENT ON A PARCEL OF LEASEHOLD LAND MEASURING APPROXIMATELY 1.58 ACRES AT JALAN TUN RAZAK, KUALA LUMPUR, TO BE KNOWN AS THE CITAGLOBAL TOWER DEVELOPMENT ("PROPOSED JV")
| CITAGLOBAL BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED JOINT VENTURE BETWEEN CITAGLOBAL PROPERTY DEVELOPMENT SDN BHD (FORMERLY KNOWN AS SINERGI DAYANG SDN BHD), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, AND VARIA CREST SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF VARIA BERHAD, FOR A PROPOSED MIXED DEVELOPMENT ON A PARCEL OF LEASEHOLD LAND MEASURING APPROXIMATELY 1.58 ACRES AT JALAN TUN RAZAK, KUALA LUMPUR, TO BE KNOWN AS THE CITAGLOBAL TOWER DEVELOPMENT ("PROPOSED JV") |
(Unless otherwise stated, abbreviations and definitions used throughout this announcement shall have the same meaning as defined in the Company’s announcement dated 24 November 2025 in relation to the Proposed JV.) Reference is made to the Company’s announcements dated 24 November 2025, 27 November 2025 and 22 December 2025 in relation to the Proposed JV. The Company wishes to announce that the Parties have mutually agreed for a further extension of time of 2 months to 22 April 2026, with an additional 1 month extension to 22 May 2026, if required, to provide more time for the Parties to complete the remaining conditions precedent as set out in the JVA. This announcement is dated 23 February 2026. |
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Announcement Info
| Company Name | CITAGLOBAL BERHAD |
| Stock Name | CITAGLB |
| Date Announced | 23 Feb 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23022026-00042 |