OCR Group extends deadline for Chester Properties stake acquisition by two months

KUALA LUMPUR (June 4): OCR Group Bhd has extended the heads of agreement (HOA) deadline for its proposed acquisition of a 49% equity interest in Chester Properties Sdn Bhd by two months, allowing the parties additional time to negotiate and finalise the definitive agreement.

In a Bursa filing yesterday, OCR said it and the vendor had mutually agreed to extend the HOA expiry date from June 4 to Aug 4, 2026. The extension is intended to allow both parties to discuss, negotiate and finalise the definitive agreement and any other agreements required to give effect to the proposed acquisition.

All other terms and provisions of the HOA remain in full force and effect. OCR said it would make further announcements if there are any material developments relating to the proposed acquisition.

The proposed acquisition was first announced on March 25, 2026.

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