General announcement
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS
PROTASCO BERHAD ("PROTASCO" OR THE "COMPANY") JOINT DEVELOPMENT BETWEEN DE CENTRUM RETAIL SDN BHD (NOW KNOWN AS DC RESORT HOMES SDN BHD) ("DCRSB"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF PROTASCO, AND PENMALAND SDN BHD ("PENMALAND") TO JOINTLY DEVELOP THREE (3) CONTIGUOUS PARCELS OF FREEHOLD DEVELOPMENT LAND IN MUKIM OF TAMPIN TENGAH, DISTRICT OF TAMPIN, NEGERI SEMBILAN DARUL KHUSUS ("TAMPIN LAND") ("JOINT DEVELOPMENT")
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We refer to the earlier announcements in relation to the Joint Development. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.
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On behalf of the Board, RHB Investment Bank wishes to announce that the JDA has become unconditional on 1 October 2020 following the fulfilment of all the Conditions Precedent as set out in the JDA.
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This Announcement is dated 1 October 2020.
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GA1-01102020-00108