ii) the balance of the consideration of rm20,520,000.00 on the completion date as stipulated in the spa i.e.:
(a) the last day of the calendar month in which the unconditional date (i.e. the date by which the condition precedent is fulfilled or obtained) falls; or
(b) where, however, there is less than five (5) business days from the last day of the calendar month in which the unconditional date falls (both dates inclusive), five (5) business days after the unconditional date.
in addition to the aforesaid consideration for the proposed disposal, deltrone shall pay to hli a sum of rm16,000,000.00 (“outstanding debt”) being the amount owing by mpipi to hli, on the completion date. save as disclosed, there are no other liabilities to be assumed by deltrone arising from the proposed disposal.
the original cost of investment by hli in the sale shares were rm108,000,000.00 made during the period between 22 june 1999 to 15 september 2003.
Hong Leong Industries Berhad
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
