MISC, Ramunia extend cut-off date for RTO Oct 3, 2008
The move was to extend the deadline for the fulfilment of all conditions including satisfactory completion of the due diligence under the conditional sale and purchase agreement (SPA) dated Jan 21 this year under the proposed RTO.. The salient terms of the supplemental SPA were to extend the fulfilment of the conditions of the SPA to Jan 31 from the original deadline of Sept 30. (The Star Online, Malaysia -- Business)
Costly fuel brings dozens of airlines to their knees Aug 7, 2008
In January, 12 years after his family bought the airline from the Venezuelan government, he negotiated its conditional sale to new managers for $23 million. Ramiz said that the airline - made famous by the French aviator Antoine de Saint Exup. (International Herald Tribune)
UMLand units buy shares and land Jun 5, 2008
KUALA LUMPUR: United Malayan Land Bhd (UMLand) has entered into a conditional sale and purchase agreement with two companies to acquire shares and land through its subsidiaries, UM Land Assets Sdn Bhd and Exquisite Mode Sdn Bhd. UM Land Assets has entered into a deal with Ipjora (s) Pvt Ltd to acquire 3. (The Star Online, Malaysia -- Business)
Naspers Limited Announces the Disposal of NetMed N.V. and Cautionary Announcement Apr 15, 2008
Myriad International Holdings B.V., an indirect wholly owned subsidiary of Naspers, has now entered into conditional sale agreements (the agreements) for the disposal of NetMed to Forthnet SA (Forthnet), a leading Greek telecommunication company. The agreements place an enterprise value on NetMed of EUR490 million (US$760 million). (Yahoo! Wire -- Entertainment News)
Infra Bumitek serves RM19.5m takeover of SunInfra Apr 8, 2008
Infra Bumitek had on Feb 27, entered into a conditional sale and purchase agreement to acquire 65. 09 million shares or 36. (The Star Online, Malaysia -- Business)
Austral Pacific 2007 Results Filed Apr 1, 2008
-- Subsequent to year end, the Company has also announced: -- The conditional sale of its PNG Stanley (PRL 4) and PRL 5 assets; -- A renegotiation and restructuring of the terms of its loan facility with Investec Bank (Australia) Limited, reducing the debt from $18. 7 million to $11 million. (PR Newswire)
Protons Azlan buys stake in SunInfra Feb 28, 2008
Sunway yesterday entered into a conditional sale and purchase agreement with IBSB and the holders of the Sukuk Mudharabah (issued on Jan 25 by Manfaat Tetap Sdn Bhd, a wholly-owned subsidiary of SILK, to refinance the BaIDS) for the proposed disposal of the 36. 16% equity interest in SunInfra to IBSB for RM11mil cash payable to PB Trustee Services Bhd. (The Star Online, Malaysia -- Business)
Primary Gateway's Bintan deal Feb 6, 2008
KUALA LUMPUR: Landmarks Bhd's wholly owned subsidiary Primary Gateway Sdn Bhd has entered into a conditional sale and purchase agreement with Castle Knight Investments Ltd and Complete Win Group Ltd to acquire the remaining 26% equity interest in Bintan Treasure Bay Pte Ltd (BTB) for RM360. 8mil. (The Star Online, Malaysia)
Ramunia accepts MISC offer Jan 23, 2008
Ramunia agreed to the offer on Monday by executing a conditional sale and purchase of shares agreement with MISC subsidiary MSE Holdings Sdn Bhd. MSE will dispose of its entire equity interest in its subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), to Ramunia. (The Star Online, Malaysia -- Business)
Sabna to acquire land worth RM55m Jan 15, 2008
KUALA LUMPUR: Guocoland (Malaysia) Bhd's indirect wholly-owned subsidiary Sabna Development Sdn Bhd has entered into a conditional sale and purchase agreement with several individuals to acquire 32,624 sq ft of land with buildings erected on it in Kuala Lumpur for RM55. 46mil. (The Star Online, Malaysia -- Business)
Promising outlook for Maybank on sale of NPLs Jan 11, 2008
On Tuesday, the bank announced to Bursa Malaysia that it had entered into a conditional sale and purchase agreement with Standard Chartered Bank (HK) Ltd Alternative Investments and ORIX Leasing Malaysia Bhd for the disposal of a portfolio of secured consumer NPLs. The NPL portfolio comprised 8,375 long outstanding consumer accounts with a total face value of about RM1. (The Star Online, Malaysia -- Business)
Sale of licence interests in Sicily Channel, Italy Jan 9, 2008
CALGARY and LONDON, Jan. 9 /CNW/ - Stratic Energy Corporation (TSX Venture: 'SE', AIM 'SE.') ("Stratic" or the "Company") announces that it has entered into a conditional sale agreement in respect of its G.R15. PU permit in the Sicily Channel, offshore Italy (held 100% by Stratic). (Canada Newswire)
Maybank sells NPLs Jan 9, 2008
In a statement yesterday, Maybank said it had entered into a conditional sale and purchase agreement (SPA) with the parties to sell a portfolio of 8,375 long-outstanding consumer loans mainly secured for residential properties located in Malaysia. The loans have a face value of US$422mil (RM1. (The Star Online, Malaysia -- Business)
Stratic Energy Corporation - Sale of interests offshore Tunisia Jan 7, 2008
CALGARY and LONDON, Jan. 7 /CNW/ - Stratic Energy Corporation (TSX Venture: 'SE', AIM 'SE.') ("Stratic" or the "Company") announces that it has entered into a conditional sale agreement in respect of its Kerkouane permit offshore Tunisia (held 100% by Stratic). The consideration is US$1 million in cash, subject to working capital adjustments. (Canada Newswire)
Report on AT&T interest pushes TM shares up Jan 3, 2008
The company had entered into conditional sale and purchase and master Ijarah agreements with Menara ABS Bhd, a special purpose vehicle, it added. TM. (The Star Online, Malaysia)
Sarawak Plantation buys land for RM19mil Dec 11, 2007
Its wholly-owned subsidiary Sarawak Plantation Agriculture Development Sdn Bhd signed the conditional sale and purchase agreement for the four parcels of land with LAKMNS here recently. The acquisition is to be financed by internal fund or borrowings. (The Star Online, Malaysia -- Business)
Sarawak Plantation to buy land in Mukah Nov 28, 2007
Wholly-owned subsidiary Sarawak Plantation Agriculture Development Sdn Bhd signed the conditional sale and purchase agreement for the four parcels of land with LAKMNS at the state legislative assembly building here Wednesday. The acquisition is to be financed by internally-generated funds or loans. (The Star Online, Malaysia)
Bandung-based Bank BTPN set to launch IPO in December Nov 9, 2007
The Conditional Sale and Purchase Agreement (CSPA) was signed in May this year, but the transaction will be concluded after the IPO on condition that the purchase is approved by Bank Indonesia. If the sales proceeds as expected, TPG will gain a 71. (Jakarta Post, Indonesia -- Business)
Tech in brief: U.S. regulators warned on 'Net neutrality' rules Sep 7, 2007
AMSTERDAM: Apple is not guilty of so-called conditional sale between tracks downloaded from its iTunes store and the iPod music player, the Dutch antitrust regulator said. Today in Technology & Media. (International Herald Tribune)
AsiaEP buying 80% of General Perfect Jul 24, 2007
PETALING JAYA: Mesdaq-listed AsiaEP Bhd has accepted a conditional sale offer for an 80% equity interest in General Perfect Sdn Bhd (GP) for RM23. 2mil cash from two vendors. (The Star Online, Malaysia -- Business)
Molins Rollin' Jul 21, 2007
Then this week, Molins the conditional sale of its 26-acre site at Saunderton in Buckinghamshire for 18 ... However, the conditional sale is going through without the planning permission applied for, so the valuation isn't quite what was hoped for. (Sky News)
News in brief Jun 30, 2007
He said the company also signed a conditional sale and purchase agreement with Dewina Holdings Sdn Bhd to acquire a 51% equity interest in Dewina Host Sdn Bhd for RM6. 12mil, to be paid for with new Tamadam shares. (The Star Online, Malaysia -- Business)
TH Plantations planting target May 25, 2007
In December, TH Plantations signed a conditional sale and purchase agreement for the proposed acquisition of the entire stake in Zecon Plantation for RM30. 5mil. (The Star Online, Malaysia -- Business)
Parent company offers to buy CSA May 19, 2007
CSA said the proposed acquisition was subject to a conditional sale of business agreement to be executed by both parties. Chuah Tai Eu. (The Star Online, Malaysia -- Technology)
Primus makes new bid Feb 16, 2007
First, it was announced that UBG and KFH are targeted to sign a conditional sale and purchase (Seement today on the RHB stake. Second, EON Capital Bhd (EONCap) also made an offer for the RHB banking group. (The Star Online, Malaysia -- Business)
EON Cap emerges as new suitor for RHB Feb 8, 2007
Another condition is for both parties to reach an agreement on the terms of a conditional sale and purchase agreement by Feb 16 or such other date mutually agreed on by both parties. These terms have been accepted and agreed to by KFH, said UBG in its statement, adding that UBG had ended negotiations with Primus Pacific Partners. (The Star Online, Malaysia -- Business)
