Nexgram enter MOU for Wings by Croske Resort Langkawi Conditional Share Sale Agreement [18 Aug 2022] Press Release

18 Aug 2022, Kuala Lumpur

The Board of Directors of Nexgram is pleased to announce that Medic Asset Group Sdn Bhd (“MAGSB”), a wholly owned sub-subsidiary of Nexgram had on 18 August 2022 entered into a Memorandum of Understanding (“MOU”) with Wings By Croske Resort Langkawi Sdn. Bhd. (“Wings” or “the Target Company”) to negotiate in good faith with a view of entering into a definitive Conditional Share Sale Agreement (“CSSA”) for the acquisition by MAGSB of the entire share equity of the Target Company.

The details of the announcement is attached herewith.

This announcement is dated 19 August 2022.

Please refer attachment below.