NCT Alliance Extends Completion Period for Setara Juara Acquisition by Three Months
MT Newswires Live
Sep 18
NCT Alliance (KLSE:NCT) has extended the conditional period for the acquisition of Setara Juara for a further period of three months, from Sept. 19 to Dec. 19 to fulfil the remaining conditions of the agreement, according to a Thursday filing to the Malaysian bourse.
The company's shares were down nearly 1% in Friday's trade.
NCT Panorama, a wholly-owned subsidiary of the company, agreed to acquire around 1.8 million ordinary shares or 51% stake in Setara, now known as NCT Marina Bay, for 22 million ringgit.
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