Infoline Tec Group Bhd has agreed to extend the conditional period for the proposed acquisition of Lot 10 by another two months to Dec 7, 2026, as the parties also revised several terms governing the completion of its property acquisition.
The company said the parties to the proposed acquisition mutually agreed on Oct 7 to extend the conditional period under the Lot 10 sale and purchase agreement (SPA).
The parties also amended the completion period under the SPA for Lot 11.
Under the revised provision, the completion period for Lot 11 will be within three months from its unconditional date or from the date the Lot 10 SPA becomes unconditional, whichever is later.
Infoline said the change effectively aligns the completion timelines for the two properties.
The SPAs were also amended to require the vendor in this case Starhill Global REIT to deliver vacant possession of Lot 10 and Lot 11 simultaneously.
Previously, the agreements required vacant possession to be handed over within five business days from the respective completion date.
The amendments form part of Infoline’s previously announced proposed property acquisitions, which were first disclosed in April and subsequently updated through several announcements.
