OTHERS APEX EQUITY HOLDINGS BERHAD ("AEHB" OR THE "COMPANY") - PROPOSED DISPOSAL OF ONE (1) UNIT OF ELEVEN (11) STOREY COMMERCIAL BUILDING KNOWN AS "MENARA APEX" OWNED BY APEX DEVELOPMENT SDN. BHD. ("ADSB"), A WHOLLY-OWNED SUBSIDIARY OF APEX EQUITY HOLDINGS BERHAD FOR A SALES CONSIDERATION OF RM55,000,000.00

APEX EQUITY HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description 
APEX EQUITY HOLDINGS BERHAD ("AEHB" OR THE "COMPANY")
- PROPOSED DISPOSAL OF ONE (1) UNIT OF ELEVEN (11) STOREY COMMERCIAL BUILDING KNOWN AS "MENARA APEX" OWNED BY APEX DEVELOPMENT SDN. BHD. ("ADSB"), A WHOLLY-OWNED SUBSIDIARY OF APEX EQUITY HOLDINGS BERHAD FOR A SALES CONSIDERATION OF RM55,000,000.00

Reference is made to the Company's announcements dated 29 May 2024, 21 November 2023 and 16 November 2023 (jointly referred to as “Announcement”). Unless otherwise defined, the terms therein shall bear the same meaning as defined in the Announcement.

The Board of Directors of the Company wishes to inform that ADSB’s solicitors had confirmed that all the Conditions Precedent for the Proposed Disposal have been fulfilled, and the balance of Purchase Price has been released to ADSB, marking the completion of the Proposed Disposal. 

This announcement is dated 24 December 2024.



Announcement Info

Company Name APEX EQUITY HOLDINGS BERHAD
Stock Name APEX
Date Announced 24 Dec 2024
Category General Announcement for PLC
Reference Number GA1-18122024-00060