?ytl land? or - Announcements - Bursa Malaysia

(ii) The Acquisition Agreements (save for AASB Agreement, LFPL
Agreement, SIPL Agreement, BBSB Agreement and Bidor Land
Agreement)
The salient terms of the Acquisition Agreements (save for the AASB
Agreement, LFPL Agreement, SIPL Agreement, BBSB Agreement
and Bidor Land Agreement) are as follows:
(a) Each of the Proposed SSSB Acquisition, Proposed EHSB
Acquisition, Proposed PTSB Acquisition, Proposed TASB
Acquisition and Proposed YTLW Acquisition are conditional
upon, among others, the following conditions precedent
being fulfilled (unless otherwise waived by YTL Land and
YTL Corp, as the case may be) within six (6) months from
the date of the SSSB Agreement, EHSB Agreement, PTSB
Agreement, TASB Agreement and YTLW Agreement or such
other date as may be mutually agreed upon by YTL Land
and YTL Corp:
(aa) the approvals as set out in Sections 9 (i) to (v) and
(x) below;
(bb) YTL Land’s and YTL Corp’s respective obligations to
be performed on or before the date as may be
mutually agreed upon by YTL Land and YTL Corp
being not later than six (6) weeks from the date of
satisfaction of all the conditions to the SSSB
Agreement, EHSB Agreement, PTSB Agreement,
TASB Agreement and YTLW Agreement (unless
otherwise waived by YTL Land and YTL Corp, as the
case may be) or such other date as may be mutually
agreed upon by YTL Land and YTL Corp
(“Completion Date”), in accordance with the SSSB
Agreement, EHSB Agreement, PTSB Agreement,
TASB Agreement and YTLW Agreement shall have
been duly performed;
(cc) with respect to the EHSB Agreement, the execution
of a Deed of Ratification and Accession by YTL
Land, YTL Corp and ESPY Zone Sdn Bhd (“ESPY”)
(the shareholder of the remaining 30% equity interest
in EHSB), if required, which shall be effective on the
completion of the Proposed EHSB Acquisition in
such form agreed upon by YTL Land and YTL Corp
and, if applicable, a written undertaking from ESPY
waiving its rights of pre-emption to the EHSB Shares
pursuant to the Memorandum and Articles of
Association of EHSB;
(dd) with respect to the YTLW Agreement, YTLW shall
have obtained financing upon terms acceptable to
YTLW as shall be sufficient to enable YTLW to
discharge the YCF Advance;
(ee) YTL Corp shall have given its irrevocable
undertaking to subscribe for its entitlement pursuant
to the Proposed Rights Issue of ICULS on the terms
agreed with YTL Land;
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