MULTIPLE PROPOSALS NESTCON BERHAD ('NESTCON" OR "COMPANY") (I) PROPOSED JOINT DEVELOPMENT; (II) PROPOSED DIVERSIFICATION; AND (III) PROPOSED ACQUISITION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

NESTCON BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
NESTCON BERHAD ('NESTCON" OR "COMPANY")

(I) PROPOSED JOINT DEVELOPMENT;
(II) PROPOSED DIVERSIFICATION; AND
(III) PROPOSED ACQUISITION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Unless otherwise stated, abbreviations used herein shall be the same as those stated in the Company’s announcements dated 3 March 2025 and 18 April 2025 (referred to as the “Announcements”).

On 3 March 2025, on behalf of the Board, M&A Securities announced that the Company proposed to undertake the Proposals.

After further deliberation by the Board, M&A Securities on behalf of the Board wishes to announce that there will be revision to the details of the Proposed Joint Development and the Company requires additional time to conduct further due diligence on the Development Lands under the Proposed Joint Development, which is inter-conditional with the Proposed Diversification.

In view of the above, the announcement on the updated details of the Proposed Joint Development and Proposed Diversification will be made in due course.

Separately, pursuant to Rule 9.32(1)(a) of the Listing Requirements, the Company will proceed with the submission of draft circular for the Proposed Acquisition to Bursa Securities on a standalone basis, while the draft circular for the Proposed Joint Development and Proposed Diversification shall be submitted to Bursa Securities after the updated details of the Proposed Joint Development have been finalised.

This announcement is dated 4 June 2025.





Announcement Info

Company Name NESTCON BERHAD
Stock Name NESTCON
Date Announced 04 Jun 2025
Category General Announcement for PLC
Reference Number GA1-04062025-00020