Document background
The Share Block Sale Agreement is a crucial document used in Malaysian corporate transactions when transferring significant ownership stakes in companies. This agreement is particularly relevant when selling large blocks of shares that may represent controlling or substantial minority interests. It must comply with Malaysian legislation, including the Companies Act 2016, Capital Markets and Services Act 2007, and relevant securities regulations. The document typically includes detailed provisions on share valuation, payment terms, warranties, representations, conditions precedent, and completion mechanics. It's essential for both private and public company transactions, though additional regulatory requirements may apply for public companies. The agreement serves to protect both sellers' and purchasers' interests while ensuring a smooth and legally compliant transfer of ownership.
