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Landmarks seals conditional share sale agreements with Blumont worth S$63.4 mil

Landmarks Bhd is selling its entire stakes in five of its subsidiaries to Singapore’s Blumont Group Ltd for a combined S$63.4 million (RM195.1 million), which would be fully satisfied via the issuance of new shares in Blumont. The transaction is deemed a related party transaction as Landmark’s executive deputy chairman, chief executive officer and substantial shareholder Mark Wee Liang Yee is also the controlling shareholder of Blumont, with a 51.37% stake as at April 5. ....

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Landmarks Bhd subsidiary seals conditional share sale agreements with Blumont worth S$63.4m | Money

KUALA LUMPUR, Oct 1 Landmarks Bhd’s subsidiary, Tiara Gateway Pte Ltd (TGPL) has entered into conditional share sale agreements (SSA) with Singapore’s Blumont Group Ltd for a total aggregate consideration of S$63.40 million (RM195.10 million) to be satisfied via the issuance of new ordinary. ....

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