|Subject||IDAMAN UNGGUL BERHAD ("IDAMAN" OR "THE COMPANY") -SHARE AND PURCHASE AGREEMENT DATED 31 DECEMBER 2008 ENTERED INTO BY SATIN COURT SDN. BHD. AND IDAMAN UNGGUL BERHAD FOR THE ACQUISITION OF 100% EQUITY INTEREST IN LAMBANG PERTAMA SDN. BHD. (PROPOSED LPSB DISPOSAL")|
We refer to the announcement dated 2 January 2009 in relation to the Proposed LPSD Disposal.
On behalf of the Board of Directors of Idaman, we wish to announce that idaman has on 17 Novenber 2009 issused a notice to Satin Court Sdn. Bhd. ("SCSB') to terminate the share and purchase agreement dated 31 December 2008 in reprct of the Proposed LPSB Disposal ("SPA")
The Notice is issued to SCSB in View of the non-fulfilment of certain obligations on the part of SCSB as provided for on the SPA despite various indulgences given by Idaman to SCSB.
|This announcement is dated 17 November 2009.|