The Board of Directors of ECMLG wishes to announce that the Company had on 23 November 2023 through (a) ECM Libra (Liverpool) Ltd, a direct wholly-owned subsidiary of the Company and (b) ECML (Liverpool) OpCo Ltd, an indirect wholly-owned subsidiary of the Company, both companies being registered in England and Wales entered into a business purchase agreement (“BPA”) with (c) Castle Street Liverpool LLP and (d) CSL Opco Limited, both entities being registered in England and Wales for the acquisition of:
1. a leasehold property known as 3-19, Queen Buildings, Castle Street, Liverpool L2 4XE, United Kingdom ("UK"); and
2. an additional leasehold property known as ground floor shop and basement, 17 Castle Street, Liverpool L2 4SX, UK,
together with assets, letting business and the business of operating the trade of the Tune Hotel, Liverpool for a total cash consideration of GBP4,500,000 (equivalent to approximately RM26,374,950) (“Acquisition”).
The Acquisition has been completed in accordance with the BPA on the date of the BPA.
Please refer to the attachment for the details of the Acquisition.
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