TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS NCT ALLIANCE BERHAD ("NCT" OR "THE COMPANY") - PROPOSED ACQUISITION BY NCT PANORAMA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF 1,785,000 ORDINARY SHARES IN SETARA JUARA SDN BHD ("SJSB"), REPRESENTING 51% EQUITY INTEREST IN SJSB FOR A TOTAL PURCHASE CONSIDERATION OF RM22.0 MILLION ("PROPOSED ACQUISITION")

NCT ALLIANCE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
NCT ALLIANCE BERHAD ("NCT" OR "THE COMPANY")
- PROPOSED ACQUISITION BY NCT PANORAMA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF 1,785,000 ORDINARY SHARES IN SETARA JUARA SDN BHD ("SJSB"), REPRESENTING 51% EQUITY INTEREST IN SJSB FOR A TOTAL PURCHASE CONSIDERATION OF RM22.0 MILLION ("PROPOSED ACQUISITION")
 
Reference is made to the Company's announcement dated 19 March 2025 in relation to the Proposed Acquisition ("Announcement"). Unless otherwise defined in this announcement, all abbreviations used in this announcement are defined in the Announcement.

Reference is made to the Company’s announcements dated 20 September 2024, 19 November 2024 and 19 February 2025 in relation to the Memorandum of Understanding entered into by the Company, Lee Show Kien @ Herman Lee Show Kien and Melvin Lee Ying, and to the Announcement.

Further to the above, the Company wishes to announce that NCT Panorama Sdn. Bhd., a wholly-owned subsidiary of the Company, had on 28 March 2025 entered into a Supplementary Agreement (“Supplementary Agreement”) with the Vendors to vary certain terms in the SSA (“SSA Variations”).

Please refer to the attachment for the details of the SSA Variations.

This announcement is dated 28 March 2025.



Announcement Info

Company Name NCT ALLIANCE BERHAD
Stock Name NCT
Date Announced 28 Mar 2025
Category General Announcement for PLC
Reference Number GA1-28032025-00065


Please refer attachment below.

  1. NCT Alliance Berhad - SSA Variations.pdf