CITAGLB

0.835

+0.02 (+2.5%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED JOINT VENTURE BETWEEN CITAGLOBAL PROPERTY DEVELOPMENT SDN BHD (FORMERLY KNOWN AS SINERGI DAYANG SDN BHD), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, AND VARIA CREST SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF VARIA BERHAD, FOR A PROPOSED MIXED DEVELOPMENT ON A PARCEL OF LEASEHOLD LAND MEASURING APPROXIMATELY 1.58 ACRES AT JALAN TUN RAZAK, KUALA LUMPUR, TO BE KNOWN AS THE CITAGLOBAL TOWER DEVELOPMENT ("PROPOSED JV")

CITAGLOBAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
PROPOSED JOINT VENTURE BETWEEN CITAGLOBAL PROPERTY DEVELOPMENT SDN BHD (FORMERLY KNOWN AS SINERGI DAYANG SDN BHD), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, AND VARIA CREST SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF VARIA BERHAD, FOR A PROPOSED MIXED DEVELOPMENT ON A PARCEL OF LEASEHOLD LAND MEASURING APPROXIMATELY 1.58 ACRES AT JALAN TUN RAZAK, KUALA LUMPUR, TO BE KNOWN AS THE CITAGLOBAL TOWER DEVELOPMENT ("PROPOSED JV")

(Unless otherwise stated, abbreviations and definitions used throughout this announcement shall have the same meaning as defined in the Company's announcement dated 24 November 2025 in relation to the Proposed JV.)

 

Reference is made to the Company's announcements dated 24 November 2025, 27 November 2025, 22 December 2025 and 23 February 2026 in relation to the Proposed JV.

 

The Company wishes to announce that the Parties have mutually agreed for a further extension of time up to 4 June 2026 to provide more time for the Parties to complete the remaining conditions precedent as set out in the JVA.

 

This announcement is dated 15 May 2026.



Announcement Info

Company Name CITAGLOBAL BERHAD
Stock Name CITAGLB
Date Announced 15 May 2026
Category General Announcement for PLC
Reference Number GA1-15052026-00068


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