SNACK EMPIRE (01843) delays completion of acquisition of property in Kuala Lumpur.

SNACK EMPIRE (01843) announced that the completion date of the property acquisition in Kuala Lumpur will be delayed. Since the buyer is a foreign entity (meaning the buyer's shareholders are not Malaysian entities), the Malaysian government will require the buyer to apply for approval from the state government before acquiring the property. The buyer has received all approvals from the Malaysian state government before March 3, 2025. According to the terms of the agreement, the completion date will be four months from the unconditional date (the date when the buyer receives approval from the Malaysian state government to purchase the property). Therefore, the expected completion date will be delayed to July 2025.