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 NCT, OF 55.72% EQUITY INTEREST IN GRORICH CORPORATION SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM36.00 MILLION

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 NCT, OF 55.72% EQUITY INTEREST IN GRORICH CORPORATION SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM36.00 MILLION

We refer to the announcements dated 10 June 2025, 11 June 2025 and 24 June 2025 in relation to the Proposed Acquisition. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.

On behalf of the Board, UOBKH wishes to announce that Bursa Securities has, vide its letter dated 25 June 2025, resolved to approve the listing of and quotation of 67,500,000 new ordinary shares (“Consideration Shares”) to be issued pursuant to the Proposed Acquisition, on the Main Market of Bursa Securities.

The approval granted by Bursa Securities for the Proposed Acquisition is subject to the following conditions:-

  1. NCT and UOBKH must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the Proposed Acquisition;
  2. NCT and UOBKH to inform Bursa Securities upon the completion of the Proposed Acquisition; and
  3. NCT and UOBKH to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Acquisition is completed.

This announcement is dated 26 June 2025.






Announcement Info

Company Name NCT ALLIANCE BERHAD
Stock Name NCT
Date Announced 26 Jun 2025
Category General Announcement for PLC
Reference Number GA1-26062025-00015