TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS IGB BERHAD (I) PROPOSED JV; AND (II) PROPOSED ACQUISITION COLLECTIVELY REFERRED TO AS THE "PROPOSALS"
| IGB BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | IGB BERHAD (I) PROPOSED JV; AND (II) PROPOSED ACQUISITION COLLECTIVELY REFERRED TO AS THE "PROPOSALS" |
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IGB BERHAD (“IGB” OR “COMPANY”)
(I) Proposed joint venture (“JV”) between IGB Corporation Berhad (“IGBCB”), a wholly-owned subsidiary of IGB, and Southkey City Sdn Bhd (“SCSB”), through Enrich Horizon Sdn Bhd (“EHSB” or the “JVC”) (the “Proposed JV”); and
(II) Proposed acquisition by EHSB of 2 parcels of leasehold land measuring approximately 859,897 square feet located in Mukim Plentong, Daerah Johor Bahru, Negeri Johor (the “Land”), in relation to the Proposed JV (the “Proposed Acquisition”)
collectively referred to as the “Proposals"
We refer to the announcement dated 27 August 2025 regarding the Proposals (“Announcement”). Unless otherwise defined, the definitions in the Announcement shall apply here.
IGB wishes to announce that SCSB has, on 13 February 2026, agreed to extend the Conditional Period by three (3) months from 26 February 2026. All other terms in the SPA remain unchanged.
The extension gives EHSB more time to obtain approval from the Ministry of Economy for the Proposed Acquisition.
This announcement is dated 16 February 2026. |
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Announcement Info
| Company Name | IGB BERHAD |
| Stock Name | IGBB |
| Date Announced | 16 Feb 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16022026-00007 |