ContractNon-Related Party Transactions • November 1st, 2019
IVORY PROPERTIES GROUP BERHAD (673211-M) Type : ANNOUNCEMENT Subject : TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS Description : (1) DISPOSAL OF THE 45% EQUITY INTEREST IN TROPICANA IVORY SDN BHD (2) NOVATION CUM SUPPLEMENTAL AGREEMENT BETWEEN CHIEF MINISTER OF PENANG (INCORPORATION), THE PENANG DEVELOPMENT CORPORATION, IVORY PROPERTIES GROUP BERHAD AND TROPICANA IVORY SDN BHD Reference is made to the announcements dated 24 June 2014, 10 February 2012, 30December 2011 and 11 November 2011. The terms used herein unless the context otherwise states, shall bear the same meaning as those defined in the announcements aforementioned. 1. INTRODUCTION The Board of Directors of Ivory Properties Group Berhad (“the Company” or “Ivory”) wishes to announce on the following: (i) Ivory Utilities Sdn. Bhd. (834590-A) (“IUSB” or “Vendor”), a wholly-owned subsidiary of the Company had on 1 November 2019 entered into a conditional Shares Sale Agreement (“SSA”) wi
