Bursa Filings


Transactions (Chapter 10 Of Listing Requirements) : Related Party Transactions

Back Jul 26, 2024

 

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description CAPITAL A BERHAD ("CAPITAL A" OR THE "COMPANY")

(I) PROPOSED AAAGL DISPOSAL;

(II) PROPOSED AAB DISPOSAL; AND

(III) PROPOSED DISTRIBUTION

(COLLECTIVELY, THE "PROPOSALS")

Reference is made to the Company's announcement dated 25 April 2024 ("Announcement") as well as AAX's announcement dated 25 April 2024 ("AAX's Announcement"). Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as the Announcement.

Reference is made to AAX's proposed internal reorganisation (as set out in AAX's Announcement) whereby AAX had on 25 April 2024 entered into a conditional internal reorganisation agreement with AAG ("Internal Reorganisation Agreement") for the implementation of a proposed internal reorganisation by way of a members' scheme of arrangement under Section 366 of the Act to undertake the proposed share exchange of all AAX Shares with new AAG Shares, and the proposed assumption by AAG of the listing status of AAX and the admission of AAG to, and the withdrawal of AAX from, the Official List of Bursa Securities with the listing and quotation of the entire enlarged issued share capital of AAG on the Main Market of Bursa Securities (collectively, referred to as "AAX Proposed Internal Reorganisation"). AAX had on 26 July 2024 announced that the board of directors of AAX had decided to abort the AAX Proposed Internal Reorganisation, and that AAX and AAG had on 26 July 2024 mutually terminated the Internal Reorganisation Agreement.

Accordingly, on behalf of the Board, RHB Investment Bank Berhad wishes to announce that the Company had on 26 July 2024 entered into supplemental agreements with AAX and AAG to amend and vary certain terms and conditions of the AAAGL SSPA ("AAAGL Supplemental SSPA") and AAB SSPA ("AAB Supplemental SSPA") (collectively, "Supplemental SSPAs"). Pursuant to the Supplemental SSPAs, AAX has assumed the rights, benefits, titles, interests, obligations and liabilities of AAG  to the AAAGL SSPA and AAB SSPA as the purchaser in respect of the Proposed AAAGL Disposal and Proposed AAB Disposal respectively.

Further details on the key amendments and variations pursuant to the AAAGL Supplemental SSPA and AAB Supplemental SSPA are set out in the attachment below.

 

This announcement is dated 26 July 2024.

Please refer attachment below.

 


Announcement Info

Company Name CAPITAL A BERHAD
Stock Name CAPITALA
Date Announced 26 Jul 2024
Category General Announcement for PLC
Reference Number GA1-26072024-00025

Attachments

  1. Capital_A_-_Announcement_on_Supplemental_SSPAs_dated_26_July_2024_20240726.pdf (Size: 546,177 bytes)