TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS NESTCON BERHAD ('NESTCON" OR "COMPANY") (I) PROPOSED JOINT DEVELOPMENT; AND (II) PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

NESTCON BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
NESTCON BERHAD ('NESTCON" OR "COMPANY")

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

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Unless otherwise stated or redefined, all abbreviations and definitions used herein shall have the same meanings as those set out in the Company's announcements dated 3 March 2025, 18 April 2025, 4 June 2025 and 13 March 2026 in relation to the Proposals ("Announcements").

In relation to the Company's announcement dated 13 March 2026 regarding the mutual termination of the JDA under the Proposed Joint Development on 13 March 2026 ("Termination"). On behalf of the Board, M&A Securities Sdn Bhd wishes to provide additional information in relation to the Termination, as follows:

  1. Rationale for the Termination

The Termination was due to the non-fulfilment of the Conditions Precedent as stated in Clauses 2.1 (e) and (f) of the JDA (as set out in the salient terms of the JDA in the Company's announcement dated 3 March 2025).

  1. Financial impact (if any) to the Company pursuant to the Termination including arising from any cost(s) incurred in relation to the Proposals

Saved for the professional fees expenses incurred for the Proposals (i.e. not exceeding RM200,000), there are no other financial impact arising from the Termination.

  1. Whether there are any penalties, termination fees, or compensation paid or to be paid by Nestcon Group or Kumpulan Wilayah Sejati Sdn Bhd as a result of the Termination

There are no penalties, termination fees, or compensation paid or to be paid by Nestcon Group or Kumpulan Wilayah Sejati Sdn Bhd as a result of the Termination.

This announcement is dated 17 March 2026.



Announcement Info

Company Name NESTCON BERHAD
Stock Name NESTCON
Date Announced 17 Mar 2026
Category General Announcement for PLC
Reference Number GA1-17032026-00020