The Property is located within Excellent Technology Park III, a light industrial development in Daerah Klang, Selangor Darul Ehsan.

Size: px
Start display at page:

Download "The Property is located within Excellent Technology Park III, a light industrial development in Daerah Klang, Selangor Darul Ehsan."

Transcription

1 1. INTRODUCTION The Board of Directors of the Company wishes to announce that Rhone Ma Malaysia Sdn. Bhd. ( RMM ), a wholly-owned subsidiary of the Company, had on 1 August 2017 entered into a Sale and Purchase Agreement ( Agreement ) with Klanggroup Development Sdn. Bhd. (Company No X) ( Vendor or Klanggroup ) for the acquisition of a semi-detached factory comprising one (1) mezzanine (store) and two (2)-storey office, bearing postal address known as No. 21, Jalan Wawasan 2C/KU7, Sungai Kapar Indah, Klang, Selangor Darul Ehsan ( Property ) for an aggregate cash consideration of RM5,588, ( Purchase Consideration ) ( Acquisition ). 2. DETAILS OF THE ACQUISITION 2.1 Information of the Property The Property is located within Excellent Technology Park III, a light industrial development in Daerah Klang, Selangor Darul Ehsan. Further details of the Property are set out below: Description Lot details : A semi-detached factory comprising one (1) mezzanine (store) and two (2)-storey office distinguished as Unit No. 21, Type KB 2, with lift : HS (D) , No. PT 75672, Mukim Kapar, Daerah Klang, Selangor Darul Ehsan Postal address : No. 21, Jalan Wawasan 2C/KU7, Sungai Kapar Indah, Klang, Selangor Darul Ehsan Tenure Registered owner : Freehold : Klanggroup Approximate age : Not applicable as the construction was completed in 2017 Existing use Proposed use Land area Built up area Net book value Encumbrances : Vacant : Warehouse and office : 1,750.4 square metres : 14,616.0 square feet : Not applicable : Nil Page 1

2 2.2 Salient terms of the Agreement Payment of Purchase Consideration The Purchase Consideration shall be paid by RMM in the following manner: (i) (ii) (iii) Upon execution of the Agreement, RMM shall pay to the Vendor, the sum of RM558,800.00, being payment of the deposit ( Deposit Sum ). The Deposit Sum shall in the event of the completion of the sale and purchase form part payment towards the Purchase Consideration. RMM shall also pay to the Vendor a further sum of RM558,800.00, being further payment towards the Purchase Consideration. Within three (3) months from the date of the Agreement ( Completion Date ), RMM shall pay the balance sum of RM4,470, to the Vendor ( Balance Purchase Consideration ). In the event that RMM fail to pay the Balance Purchase Consideration within the Completion Date, the Vendor shall grant RMM an extension of one (1) month from the expiry date of the Completion Date to pay the Balance Purchase Consideration. Provided always that RMM shall pay to the Vendor interest calculated on the Balance Purchase Consideration or any balance thereof at the rate of eight per centum (8%) per annum calculated on a day to day basis from the date of expiry of the Completion Date until the receipt of full payment by the Vendor Delivery of vacant possession (i) (ii) (iii) Vacant possession of the Property shall be delivered by the Vendor to RMM within seven (7) days from the date the Vendor is in receipt of the payment of the Balance Purchase Consideration and all monies due to the Vendor under the Agreement including but not limited to apportionment of outgoings and late interest payment by RMM s solicitors. Upon the expiry of seven (7) days mentioned above, whether or not RMM has actually entered into possession or occupation of the Property, RMM is deemed to have taken vacant possession or occupation of the Property and thereafter any losses or damages to the Property or any part thereof including the fixtures and fittings therein (if any) shall be entirely at the risk of and be solely borne by RMM. If delivery of vacant possession of the Property to RMM is prevented or delayed by any reason of the default on RMM in the payment of any sums due under the Agreement (other than the Purchase Consideration), any loss and / or damage to the Property shall be entirely at the risk of and the sole responsibility of RMM as at the date the full Purchase Consideration is received by the Vendor. Page 2

3 2.2.3 As is where is The Property is a completed unit with Certificate of Completion and Compliance duly issued by the relevant authorities. The Property shall be deemed to have been inspected by RMM prior to the execution of the Agreement and RMM shall be deemed to have purchased and accepted the Property in the condition and state in which the same is at the date of the Agreement and RMM shall not be entitled to rescind the Agreement or make any claim for compensation or reduction of the Purchase Consideration or claim for any damages in respect of the condition or state of the Property Default by RMM In the event of RMM failing to pay the Balance Purchase Consideration in accordance with the provisions hereof, the Deposit Sum shall be forfeited by the Vendor absolutely as liquidated damages and the Vendor shall forthwith refund free of interest any other sums thence to fore received by the Vendor from RMM and against such refund, RMM shall redeliver to the Vendor vacant possession of the Property (if delivered) together with all security documents with the Vendor s interest intact and relevant documents that may have been forwarded by the Vendor to RMM or RMM s solicitors prior to the termination of the Agreement and provided always that RMM has at its own cost and expense withdraw, remove or cause to be withdrawn or removed all encumbrances, including but not limited to caveat and prohibitory orders attributable to RMM, its financier and or any person(s) claiming through or under them and whereupon the Agreement shall terminate and be of no further effect and neither parties hereto shall have any claim against the other and the Vendor shall be at liberty to re-sell the Property either by public auction / by private contract and at such time and place and subject to such conditions and in such manner as the Vendor shall think fit without the necessity of previously tendering / offering to make any sale to RMM Default by Vendor In the event of default by the Vendor to complete the sale after RMM has complied with the terms and conditions, RMM shall be entitled to terminate the Agreement and in which event RMM shall be entitled to claim a sum equivalent to the Deposit Sum as liquidated damages from the Vendor and a refund of all moneys paid towards the account of the Purchase Consideration pursuant to the provisions of the Agreement and against such payment and refund, RMM shall redeliver or cause to be redelivered to the Vendor vacant possession of the Property (if delivered) together with all security documents with the Vendor s interest intact and all other relevant documents that may have been forwarded by the Vendor to RMM or RMM s solicitors prior to the termination of the Agreement and provided always that RMM has at its own cost and expense withdraw, remove or cause to be withdrawn or removed all encumbrances, including but not limited to caveat and prohibitory orders attributable to RMM, its Financier and or any person(s) claiming through or under them and thereafter the Agreement shall deemed null and void and neither party shall have any further claim against the other save and except for any antecedent breach of the Agreement. Page 3

4 2.3 Basis and justification of arriving at the Purchase Consideration The Purchase Consideration for the Acquisition of RM5,588, was arrived at on a willing-buyer willing-seller basis based on the developer s price of the Property within Excellent Technology Park III. 3. INFORMATION ON KLANGGROUP Klanggroup was incorporated on 17 August 2012 in Malaysia under the Companies Act, As at 1 August 2017, the issued share capital of Klanggroup is RM2,500,000 comprising 2,500,000 ordinary shares. Klanggroup is principally engaged in property development. As at 1 August 2017, the Directors and shareholders of Klanggroup are as follows:- Directors: 1. Gan Thiam Kok 2. On Boon Seng 3. Lee Chang Soo 4. Ong Kwee Lee 5. Ng Keng Hoe Shareholders: Shareholders No. of ordinary shares held % Klanggroup Holdings Sdn Bhd 1,800, Stability Resources Sdn Bhd 250, Ng Keng Hoe 450, SOURCE OF FUNDING The Acquisition will be financed through a combination of internally generated funds and bank borrowings. The exact mix of the internally generated funds and bank borrowings will be decided by the management at a later stage taking into consideration the gearing level, interest costs as well as internal cash requirements for the business operations of RMH and its subsidiaries ( Group ). 5. ASSUMPTION OF LIABILITIES Save for the obligations and liabilities in and arising from or in connection with the Agreement, there are no other liabilities, including contingent liabilities and guarantees to be assumed by the Group as a result of the Acquisition. Page 4

5 6. RATIONALE FOR THE ACQUISITION AND PROSPECTS OF THE PROPERTY The Acquisition is in line with the Group s future plans which include the expansion of the existing range of food ingredients as it allows the Group to cater to the increasing storage needs of food ingredients. In addition, the Group may house the manufacturing facility for food ingredients in the Property, should the Group decides to venture into the manufacturing of food ingredients in the future. Excellent Technology Park III is a light industrial development well-equipped with infrastructures and strategically located within Klang-Meru-Kapar in Klang Valley. It is easily accessible through NKVE highway and it also provides easy access to the city, port and airport. Premised on the above, the Board of Directors is of the opinion that the Acquisition will contribute positively to the business operations and future earnings of the Group. 7. RISK FACTORS 7.1 Non-completion of the Acquisition The completion of the Acquisition is subject to the fulfillment of all terms and conditions under the Agreement. In the event that RMM breach such terms and conditions, the Vendor may terminate the Agreement and the Acquisition will not be completed. Notwithstanding the above, RMM will take all reasonable steps to ensure all terms and conditions under the Agreement are fulfilled to complete the Acquisition. 7.2 Financing risk The Group intends to finance the Acquisition through a combination of internally generated funds and bank borrowings. Utilisation of internally generated funds may result in a reduction of funds available for working capital purposes whereas obtaining additional bank borrowings may increase the borrowings and gearing level of the Group. As such, the Acquisition may have an adverse effect on the cash flow position of the Group. Further, the Group may incur interest expense on the bank borrowings to be obtained. In view that the interest charged on bank borrowings is depending on prevailing interest rates, future fluctuation in interest rates could materially affect the Group s cash flows and profitability. Nevertheless, the Group shall use its best endeavours to manage its cash flow position and funding requirements. Page 5

6 8. EFFECTS OF THE ACQUISITION 8.1 Share capital and substantial shareholders shareholdings The Acquisition will not have any effect on the total issued shares and substantial shareholders shareholdings of the Company as it does not involve any issuance of new ordinary shares in the Company. 8.2 Net assets ( NA ) per share and gearing The Acquisition will not have any material effect on the NA and NA per share of the Group as at 31 December As set out in Section 4, the Acquisition will be funded through a combination of internally generated funds and bank borrowings of which the final composition of the funding will be determined by the management at a later stage. For illustrative purposes, assuming that 90% of the Purchase Consideration amounting to approximately RM5.03 million is funded by bank borrowings and that the Acquisition had been completed as at 31 December 2016, the pro forma effects of the Acquisition on the consolidated NA and gearing of RMH based on the audited financial statements of RMH as at 31 December 2016 are as follows: As at 31 December 2016 After the Acquisition Share capital 83,000,000 83,000,000 Reserves 12,163,053 12,163,053 Total equity 95,163,053 95,163,053 Borrowings 5,243,625 10,272,825 (a) Gearing (times) Note: RM RM (a) Assuming 90% of the Purchase Consideration amounting to RM5,029,200 is funded by bank borrowings. 8.3 Earnings per share The Acquisition is not expected to have any material effects on the earnings and earnings per share of the Group for the financial year ending 31 December Page 6

7 9. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS OR PERSON CONNECTED WITH THEM None of the directors and/or major shareholders of the Company and/or any persons connected with them have any interest, direct or indirect, in the Acquisition. 10. STATEMENT BY BOARD OF DIRECTORS The Board of Directors of the Company, having considered and all aspects of the Acquisition, including but not limited to the rationale, terms and conditions of the Agreement, financial effects and risks associated with the Acquisition, is of the opinion that the Acquisition is in the best interest of the Group. 11. HIGHEST PERCENTAGE RATIO APPLICABLE The highest percentage ratio applicable to the Acquisition pursuant to paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 5.87% based on the latest audited consolidated financial statements of the Company for the financial year ended 31 December APPROVALS REQUIRED The Acquisition is not subject to the approval of RMH s shareholders and any other relevant authorities. 13. ESTIMATED TIMEFRAME FOR COMPLETION Barring any unforeseen circumstances, the Acquisition is expected to be completed within three (3) months from the date of the Agreement. 14. DOCUMENTS FOR INSPECTION The Agreement is available for inspection at the registered office of RMH at Lot 6.05, Level 6, KPMG Tower, 8, First Avenue, Bandar Utama, Petaling Jaya, Selangor Darul Ehsan during normal business hours on Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 1 August Page 7

PROPOSED ACQUISITION OF LAND BY BAZARBAYU SDN BHD, A WHOLLY- OWNED SUBSIDIARY OF FUTUTECH, FROM KYM LEISURE SDN BHD

PROPOSED ACQUISITION OF LAND BY BAZARBAYU SDN BHD, A WHOLLY- OWNED SUBSIDIARY OF FUTUTECH, FROM KYM LEISURE SDN BHD FUTUTECH BERHAD ( FUTUTECH OR THE COMPANY ) PROPOSED ACQUISITION OF LAND BY BAZARBAYU SDN BHD, A WHOLLY- OWNED SUBSIDIARY OF FUTUTECH, FROM KYM LEISURE SDN BHD 1. INTRODUCTION The Board of Directors of

More information

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS GENERAL ANNOUNCEMENT TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS BSL CORPORATION BERHAD ( BSL OR THE COMPANY ) PROPOSED DISPOSAL OF ALL THAT PIECE OF FREEHOLD LAND

More information

(b) Geran Mukim 4322, Lot 56102, Mukim Kuala Lumpur

(b) Geran Mukim 4322, Lot 56102, Mukim Kuala Lumpur TIGER SYNERGY BERHAD ( TIGER or the Company ) - SALE OF PROPERTY BY MHB PROPERTY DEVELOPMENT SDN BHD, A WHOLLY- OWNED SUBSIDIARY OF TIGER SYNERGY BERHAD TO DATO' TAN WEI LIAN 1. INTRODUCTION Pursuant to

More information

Sentosa Sdn. Bhd. MKH Berhad 100%

Sentosa Sdn. Bhd. MKH Berhad 100% GREENYIELD BERHAD ( GREENYIELD OR THE COMPANY ) PROPOSED ACQUISITION BY GIM TRIPLE SEVEN SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF GREENYIELD, OF A SIX STOREY SHOP OFFICE LOCATED AT NO. G-, NO. 1-, NO. 2-,

More information

CREST BUILDER HOLDINGS BERHAD ( CREST BUILDER OR COMPANY )

CREST BUILDER HOLDINGS BERHAD ( CREST BUILDER OR COMPANY ) CREST BUILDER HOLDINGS BERHAD ( CREST BUILDER OR COMPANY ) PROPOSED DISPOSAL BY CREST BUILDER SDN BHD ( CBSB OR VENDOR ), A WHOLLY- OWNED SUBSIDIARY OF CREST BUILDER, OF A PARCEL OF LEASEHOLD LAND LOCATED

More information

ANNOUNCEMENT SUBJECT: TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) GABUNGAN AQRS BERHAD ("GBGAQRS" OR THE COMPANY")

ANNOUNCEMENT SUBJECT: TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) GABUNGAN AQRS BERHAD (GBGAQRS OR THE COMPANY) ANNOUNCEMENT SUBJECT: TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) GABUNGAN AQRS BERHAD ("GBGAQRS" OR THE COMPANY") PROPOSED ACQUISITION OF TWO (2) UNITS OF DOUBLE-STOREY SHOPHOUSES HELD UNDER TITLES

More information

PROPOSED ACQUISITION OF A FREEHOLD LAND LOCATED AT MUKIM OF KOTA TINGGI, DAERAH KOTA TINGGI, JOHOR FOR A TOTAL CASH CONSIDERATION OF RM21,935,236.

PROPOSED ACQUISITION OF A FREEHOLD LAND LOCATED AT MUKIM OF KOTA TINGGI, DAERAH KOTA TINGGI, JOHOR FOR A TOTAL CASH CONSIDERATION OF RM21,935,236. CHIN HIN GROUP BERHAD Type Subject Description Announcement OTHERS CHIN HIN GROUP BERHAD PROPOSED ACQUISITION OF A FREEHOLD LAND LOCATED AT MUKIM OF KOTA TINGGI, DAERAH KOTA TINGGI, JOHOR FOR A TOTAL CASH

More information

: TROPICANA CORPORATION BERHAD. Stock Code : 5401 : Announcement. Description : TROPICANA CORPORATION BERHAD ( TROPICANA )

: TROPICANA CORPORATION BERHAD. Stock Code : 5401 : Announcement. Description : TROPICANA CORPORATION BERHAD ( TROPICANA ) Company Name : TROPICANA CORPORATION BERHAD Stock Name : TROP Stock Code : 5401 Type : Announcement Subject : TRANSACTION Description : TROPICANA CORPORATION BERHAD ( TROPICANA ) DISPOSAL OF OFFICE PREMISES

More information

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS VERSATILE CREATIVE BERHAD ( VCB OR THE COMPANY ) PROPOSED DISPOSAL OF ALL THAT PIECE OF FACTORY HELD UNDER INDIVIDUAL TITLE

More information

Postal address : Lot Nos. 7 and 9, Jalan Teknologi 3/1, Taman Sains Selangor 1, Kota Damansara, Petaling Jaya, Selangor Darul Ehsan

Postal address : Lot Nos. 7 and 9, Jalan Teknologi 3/1, Taman Sains Selangor 1, Kota Damansara, Petaling Jaya, Selangor Darul Ehsan PARAMOUNT CORPORATION BERHAD PROPOSED DISPOSAL OF TWO (2) CONTIGUOUS PARCELS OF LEASEHOLD LAND HELD UNDER TITLES H.S.(D) 242971 PT 10568 AND H.S.(D) 242972 PT 10570, ALL SITUATED IN MUKIM PEKAN BARU SUNGAI

More information

STAR PUBLICATIONS (MALAYSIA) BERHAD ( STAR

STAR PUBLICATIONS (MALAYSIA) BERHAD ( STAR STAR PUBLICATIONS (MALAYSIA) BERHAD ( STAR or the Company ) - Proposed Disposal of the Company's Land Known As H.S. (D) 259880, No. Lot PT 16 Seksyen 13, Bandar Petaling Jaya, Daerah Petaling, Negeri Selangor

More information

1. INTRODUCTION 2. DETAILS OF THE PROPOSED ACQUISITION. 2.1 Proposed Acquisition

1. INTRODUCTION 2. DETAILS OF THE PROPOSED ACQUISITION. 2.1 Proposed Acquisition SASBADI HOLDINGS BERHAD (I) PROPOSED ACQUISITION BY SASBADI SDN BHD, A WHOLLY OWNED SUBSIDIARY OF SASBADI HOLDINGS BERHAD, OF TWO (2) UNITS OF RETAIL LOTS DISTINGUISHED AS PARCEL NOS. L1.09 AND L1.10,

More information

Directors/Shareholders No. of Shares Held Percentage of Shareholdings Madam Seah Joo Noi 90 90% Mr. Tan Kok Siang - - Mr. Tan Wei Zhi 10 10%

Directors/Shareholders No. of Shares Held Percentage of Shareholdings Madam Seah Joo Noi 90 90% Mr. Tan Kok Siang - - Mr. Tan Wei Zhi 10 10% BRITE-TECH BERHAD ( BTECH OR THE COMPANY ) PROPOSED ACQUISITION OF PROPERTY BY TAN TECH-POLYMER SDN. BHD., A SUBSIDIARY OF BRITE-TECH BERHAD ( PROPOSED ACQUISITION ) 1. INTRODUCTION The Board of Directors

More information

ACQUISITION OF LAND BY CYCLE & CARRIAGE BINTANG BERHAD ( CCB or Purchaser )

ACQUISITION OF LAND BY CYCLE & CARRIAGE BINTANG BERHAD ( CCB or Purchaser ) ACQUISITION OF LAND BY CYCLE & CARRIAGE BINTANG BERHAD ( CCB or Purchaser ) PROPOSED ACQUISITION OF ALL THAT PIECE OF LEASEHOLD LAND TOGETHER WITH A FACTORY BUILDING ERECTED THEREON BY CCB FOR A PURCHASE

More information

As at the announcement date, the Directors of Vendor C are as follows:

As at the announcement date, the Directors of Vendor C are as follows: DISPOSAL OF LANDS BY SENTOSACOVE DEVELOPMENT SDN BHD, OCEANVIEW REALTY SDN BHD AND STRATEGIC COVE SDN BHD, ALL OF WHICH ARE WHOLLY-OWNED SUBSIDIARIES OF BENALEC SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED

More information

2. DETAILS OF THE ACQUISITION. 2.1 Details of the property.

2. DETAILS OF THE ACQUISITION. 2.1 Details of the property. RELATED PARTY TRANSACTION. ACQUISITION OF LANDED PROPERTY BY MY SQUARES DEVELOPMENT SDN BHD (260412-D)( THE PURCHASER ), A 51% SUBSIDIARY OF MINHO (M) BERHAD (200930-H) FROM A RELATED PARTIES, NG KIM KEE

More information

The salient terms and conditions for the Proposed Disposal based on the SPA, among others, are as follows:

The salient terms and conditions for the Proposed Disposal based on the SPA, among others, are as follows: ( SPB OR COMPANY ) PROPOSED DISPOSAL OF A PARCEL OF FREEHOLD LAND MEASURING APPROXIMATELY 25,686 SQUARE METRES HELD UNDER GERAN 70133 LOT 56495 MUKIM/DAERAH KUALA LUMPUR, NEGERI WILAYAH PERSEKUTUAN KUALA

More information

The Disposal Consideration was arrived at on a willing-buyer willing-seller basis after negotiations between Nepfield and Sunrise Pioneer.

The Disposal Consideration was arrived at on a willing-buyer willing-seller basis after negotiations between Nepfield and Sunrise Pioneer. CREST BUILDER HOLDINGS BERHAD ( CREST BUILDER OR COMPANY ) PROPOSED DISPOSAL BY NEPFIELD SDN BHD ( NEPFIELD OR VENDOR ), A WHOLLY- OWNED SUBSIDIARY OF CREST BUILDER, OF A PARCEL OF FREEHOLD LAND LOCATED

More information

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS EDEN INC. BERHAD ( EDEN OR THE COMPANY ) TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL OF ONE VACANT INDUSTRIAL LAND HELD UNDER PLOT 5, PAJAKAN NEGERI

More information

FOCUS POINT HOLDINGS BERHAD ( FOCUS POINT

FOCUS POINT HOLDINGS BERHAD ( FOCUS POINT Company Name : FOCUS POINT HOLDINGS BERHAD ( FOCUS POINT or THE COMPANY ) Stock Name : FOCUSP Date Announced : 12th May 2015 Type : Announcement Subject : FOCUS POINT HOLDINGS BERHAD (884238-U) ("FOCUS

More information

SDGB and the Vendor are hereinafter collectively referred to as the Parties.

SDGB and the Vendor are hereinafter collectively referred to as the Parties. SERBA DINAMIK HOLDINGS BERHAD ( SERBA ) PROPOSED ACQUISITION OF A 16-STOREY OFFICE BUILDING WITH A 4-STOREY BASEMENT CARPARK ERECTED ON HSD 143324, PT NO. 18, SEKSYEN 14, BANDAR SHAH ALAM, DAERAH PETALING,

More information

together with the following Buildings in which TIM s factory operations were carried out:

together with the following Buildings in which TIM s factory operations were carried out: BRITISH AMERICAN TOBACCO (MALAYSIA) BERHAD ("BATM" OR "COMPANY") PROPOSED DISPOSAL BY TOBACCO IMPORTERS AND MANUFACTURERS SDN BERHAD ( TIM ), A WHOLLY-OWNED SUBSIDIARY OF BATM, OF ITS TWO PARCELS OF LEASEHOLD

More information

The directors of SESB in office as at the date of this announcement are : a) Tan Kok Ming b) Lim Soo Kiaw c) Tan Yong Yew

The directors of SESB in office as at the date of this announcement are : a) Tan Kok Ming b) Lim Soo Kiaw c) Tan Yong Yew KHIND HOLDINGS BERHAD (380310 D) PROPOSED ACQUISITION BY KHIND-MISTRAL (BORNEO) SDN BHD (234614-W) ( KMBSB OR THE PURCHASER ), A WHOLLY OWNED SUBSIDIARY OF KHIND HOLDINGS BHD ( KHIND OR THE COMPANY ),

More information

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS OSK PROPERTY HOLDINGS BERHAD ( OSKPH OR THE COMPANY ) PROPOSED DISPOSAL BY OSK PROPERTIES SDN. BHD. (COMPANY NO. 258559-V),

More information

INDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY") PROPOSED DISPOSAL OF PROPERTY INTRODUCTION

INDUSTRONICS BERHAD (INDUSTRONICS OR THE COMPANY) PROPOSED DISPOSAL OF PROPERTY INTRODUCTION INDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY") PROPOSED DISPOSAL OF PROPERTY INTRODUCTION The Board of Directors of Industronics is pleased to announce that the Company has on 19 November 2014 entered

More information

Subject : TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS

Subject : TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Stock Name : TANCO Stock Code : 2429 Type : GENERAL ANNOUNCEMENT Description : TANCO HOLDINGS BERHAD ( TANCO OR COMPANY ) ACQUISITION OF A FOUR-STOREY BUILDING TOGETHER WITH ALL ITS EXISTING FITTINGS AND

More information

ANNOUNCEMENT SUBJECT : TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) GABUNGAN AQRS BERHAD ( GBGAQRS OR THE COMPANY )

ANNOUNCEMENT SUBJECT : TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) GABUNGAN AQRS BERHAD ( GBGAQRS OR THE COMPANY ) ANNOUNCEMENT SUBJECT : TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) GABUNGAN AQRS BERHAD ( GBGAQRS OR THE COMPANY ) PROPOSED SALE OF LAND BY THE COMPANY S 52%-OWNED SUBSIDIARY, PRESTIGE FIELD DEVELOPMENT

More information

PROPOSED DISPOSAL OF FREEHOLD LAND MEASURING A TOTAL OF APPROXIMATELY HECTARES FOR A TOTAL CASH CONSIDERATION OF RM143.

PROPOSED DISPOSAL OF FREEHOLD LAND MEASURING A TOTAL OF APPROXIMATELY HECTARES FOR A TOTAL CASH CONSIDERATION OF RM143. BOUSTEAD PLANTATIONS BERHAD ( BPB OR COMPANY ) PROPOSED DISPOSAL OF FREEHOLD LAND MEASURING A TOTAL OF APPROXIMATELY 247.32 HECTARES FOR A TOTAL CASH CONSIDERATION OF RM143.21 MILLION 1. INTRODUCTION Reference

More information

1.0 INTRODUCTION 2.0 DETAILS OF THE PROPOSED ACQUISITION. 2.1 Information on the Sale Land

1.0 INTRODUCTION 2.0 DETAILS OF THE PROPOSED ACQUISITION. 2.1 Information on the Sale Land PERAK TRANSIT BERHAD ( PTRANS OR THE COMPANY ) PROPOSED ACQUISITION OF LAND IN BIDOR, PERAK ( THE SALE LAND ) BY THE COMBINED BUS SERVICES SDN BHD, A 99.89% OWNED SUBSIDIARY OF PTRANS FOR A TOTAL CASH

More information

PMB TECHNOLOGY BERHAD

PMB TECHNOLOGY BERHAD PMB TECHNOLOGY BERHAD (Company No.: 584257-X) Lot 1797, Jalan Balakong, Bukit Belimbing, 43300, Sri Kembangan, Selangor Darul Ehsan, Malaysia. Tel. : 603-89615205. Fax. : 603-89611904. PMB TECHNOLOGY BERHAD

More information

INDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY") PROPOSED DISPOSAL OF PROPERTY INTRODUCTION

INDUSTRONICS BERHAD (INDUSTRONICS OR THE COMPANY) PROPOSED DISPOSAL OF PROPERTY INTRODUCTION INDUSTRONICS BERHAD ("INDUSTRONICS" OR "THE COMPANY") PROPOSED DISPOSAL OF PROPERTY INTRODUCTION The Board of Directors of Industronics is pleased to announce that Sukitronics Sdn Bhd ( the Vendor ), a

More information

1. INTRODUCTION 2. DETAILS OF THE LAND DISPOSAL

1. INTRODUCTION 2. DETAILS OF THE LAND DISPOSAL BENALEC HOLDINGS BERHAD ( BENALEC OR THE COMPANY ) DISPOSAL OF SIX (6) PIECES OF LEASEHOLD VACANT LAND BY ORIENTALCOVE PROPERTY SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF BENALEC SDN. BHD., WHICH IN TURN

More information

GLOBAL ORIENTAL BERHAD ( GOB or Company or Vendor )

GLOBAL ORIENTAL BERHAD ( GOB or Company or Vendor ) 1. INTRODUCTION The Board of Directors of GOB wishes to announce that the Company had on 22 December 2015 entered into a share sale agreement ( SSA ) with Batu Kawan Development Sdn Bhd ( BKDSB or Purchaser

More information

LION INDUSTRIES CORPORATION BERHAD ( LICB OR THE COMPANY )

LION INDUSTRIES CORPORATION BERHAD ( LICB OR THE COMPANY ) LION INDUSTRIES CORPORATION BERHAD ( LICB OR THE COMPANY ) I. Proposed sale by Lion Metal Industries Sdn Bhd, a wholly-owned subsidiary of LICB, of a piece of leasehold land in Klang, Selangor Darul Ehsan

More information

SUBJECT: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) - NON RELATED PARTY TRANSACTIONS

SUBJECT: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) - NON RELATED PARTY TRANSACTIONS TYPE: ANNOUNCEMENT SUBJECT: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) - NON RELATED PARTY TRANSACTIONS DESCRIPTION: M K LAND HOLDINGS BERHAD ( M K LAND OR THE COMPANY) - DISPOSAL OF NINE PARCELS

More information

ANNOUNCEMENT TANCO HOLDINGS BERHAD ( TANCO OR COMPANY )

ANNOUNCEMENT TANCO HOLDINGS BERHAD ( TANCO OR COMPANY ) ANNOUNCEMENT TANCO HOLDINGS BERHAD ( TANCO OR COMPANY ) PROPOSED DISPOSAL OF ONE (1) PIECE OF FREEHOLD AND VACANT LAND IDENTIFIED AS HS(D) 13103 PT 2790, MUKIM PASIR PANJANG, DAERAH PORT DICKSON, NEGERI

More information

Descriptions of the said Land are set out below:- Size : Approximately 130 acres. Tenure : Leasehold. Category of the land use : Building

Descriptions of the said Land are set out below:- Size : Approximately 130 acres. Tenure : Leasehold. Category of the land use : Building JKG LAND BERHAD ( JKG OR COMPANY ) PROPOSED AGREEMENT WITH ISY HOLDINGS SDN BHD TO DEVELOP A PIECE OF LEASEHOLD LAND MEASURING APPROXIMATELY 130 ACRES LOCATED AT KOMPARTMEN 32, BUKIT CHERAKAH, MUKIM BUKIT

More information

Y&G CORPORATION BHD (6403-X) (Incorporated in Malaysia)

Y&G CORPORATION BHD (6403-X) (Incorporated in Malaysia) Y&G CORPORATION BHD (6403-X) (Incorporated in Malaysia) Subject : OTHERS Y&G CORPORATION BHD ( Y&G ) PROPOSED ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF MAHA HARAPAN SDN BHD (CO. NO. 1099576-T)

More information

Far East Group Limited (Company Registration No.: C) (Incorporated in the Republic of Singapore on 18 March 1964)

Far East Group Limited (Company Registration No.: C) (Incorporated in the Republic of Singapore on 18 March 1964) Far East Group Limited (Company Registration No.:196400096C) (Incorporated in the Republic of Singapore on 18 March 1964) PROPOSED DISPOSAL OF LAND AND FACTORY BUILDING AT LOT NO. 42182, GM 5748, LOCALITY

More information

General Announcement. Submitted

General Announcement. Submitted Form Version 7 (Enhanced) Initiated by BRITISH AMERICAN TOBACCO on 20/08/2010 03:42:53 PM Submitted by BRITISH AMERICAN TOBACCO on 08/10/2010 05:04:02 PM Reference No BA-100820-56572 Submitted Company

More information

SERN KOU RESOURCES BERHAD (COMPANY NO X)

SERN KOU RESOURCES BERHAD (COMPANY NO X) SERN KOU RESOURCES BERHAD (COMPANY NO. 519103-X) PROPOSED ACQUISITION OF LAND AND FACTORY ERECTED ON THE LAND EQUIPPED WITH MACHINERIES TOGETHER WITH SAWMILL OPERATING LICENCE BY VALUED PRODUCTS (M) SDN

More information

DutaLand Berhad (Company No V)

DutaLand Berhad (Company No V) DutaLand Berhad (Company No. 7296-V) Announcement to Bursa Malaysia Securities Berhad DUTALAND BERHAD - PROPOSED DISPOSAL OF A PIECE OF DEVELOPMENT LAND UNDER THE KENNY HEIGHTS JOINT VENTURE 1. INTRODUCTION

More information

LTRSB, a company incorporated in Malaysia with the principle address at Lot 3356, Batu 7 ¾, Jalan Kapar, Kapar, Selangor, Malaysia.

LTRSB, a company incorporated in Malaysia with the principle address at Lot 3356, Batu 7 ¾, Jalan Kapar, Kapar, Selangor, Malaysia. LATITUDE TREE HOLDINGS BERHAD ( LTHB OR THE COMPANY ) - IN-PRINCIPLE AGREEMENT ENTERED INTO BETWEEN L-TREE RESOURCES SDN. BHD., A WHOLLY-OWNED SUBSIDARY OF THE COMPANY AND INVESTMENT AND INDUSTRIAL DEVELOPMENT

More information

GLOBAL ORIENTAL BERHAD ( GOB or Company or Purchaser ) PROPOSED ACQUISITION OF REMAINING 35% EQUITY INTEREST IN PERWIRA NADI TRADING SDN BHD

GLOBAL ORIENTAL BERHAD ( GOB or Company or Purchaser ) PROPOSED ACQUISITION OF REMAINING 35% EQUITY INTEREST IN PERWIRA NADI TRADING SDN BHD 1. INTRODUCTION The Board of Directors of GOB wishes to announce that the Company had on 3 July 2015 entered into a share sale agreement ( SSA ) with Lee Kian Jin to acquire the remaining 35% equity interest

More information

GLOBAL ORIENTAL BERHAD ( GOB or Company )

GLOBAL ORIENTAL BERHAD ( GOB or Company ) 1. INTRODUCTION The Board of Directors of GOB wishes to announce that Sering Manis Sdn Bhd ( SMSB or the Purchaser ), a 51%-owned subsidiary of the Company had on 6 June 2016 entered into a conditional

More information

As mentioned in paragraph 1 above, the Vendors are Mr Tan Cheng Teik and Mr Tan Ban Keat.

As mentioned in paragraph 1 above, the Vendors are Mr Tan Cheng Teik and Mr Tan Ban Keat. ANNOUNCEMENT SUBJECT: TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) GABUNGAN AQRS BERHAD ("GBGAQRS" OR THE COMPANY") PROPOSED ACQUISITION OF LAND FORMING PART OF MASTER TITLE HELD UNDER PN 39250 LOT

More information

DISPOSAL OF LEASEHOLD INDUSTRIAL LAND AND BUILDINGS BY NORSECHEM RESINS SDN. BERHAD, A WHOLLY-OWNED SUBSIDIARY OF HEXZA

DISPOSAL OF LEASEHOLD INDUSTRIAL LAND AND BUILDINGS BY NORSECHEM RESINS SDN. BERHAD, A WHOLLY-OWNED SUBSIDIARY OF HEXZA HEXZA CORPORATION BERHAD ( HEXZA OR THE COMPANY ) DISPOSAL OF LEASEHOLD INDUSTRIAL LAND AND BUILDINGS BY NORSECHEM RESINS SDN. BERHAD, A WHOLLY-OWNED SUBSIDIARY OF HEXZA 1. INTRODUCTION Pursuant to Paragraph

More information

Further details on the Proposed Acquisition are set out in the ensuing sections of this announcement.

Further details on the Proposed Acquisition are set out in the ensuing sections of this announcement. SIGNATURE INTERNATIONAL BERHAD ("SIGN" OR THE "COMPANY") PROPOSED ACQUISITION BY SIGNATURE REALTY SDN BHD ("SRSB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF SIGN, OF FIVE PARCELS OF INDUSTRIAL LAND

More information

(iii) The existing use (whether rented out or own use) and proposed use. The property is a vacant land and for own use.

(iii) The existing use (whether rented out or own use) and proposed use. The property is a vacant land and for own use. GENERAL ANNOUNCEMENT PJBUMI BERHAD DISPOSAL OF PROPERTY 1. INTRODUCTION PJBumi Berhad ( the Company or PJBumi or the Vendor ) wishes to announce that the Company has entered into a Sale and Purchase Agreement

More information

PROPOSED ACQUISITION OF LANDS BY TUJUAN OPTIMA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF GLM

PROPOSED ACQUISITION OF LANDS BY TUJUAN OPTIMA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF GLM GUOCOLAND (MALAYSIA) BERHAD ( GLM OR THE COMPANY ) PROPOSED ACQUISITION OF LANDS BY TUJUAN OPTIMA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF GLM 1. INTRODUCTION GLM writes to inform that Tujuan Optima Sdn Bhd

More information

UTUSAN MELAYU (MALAYSIA) BERHAD

UTUSAN MELAYU (MALAYSIA) BERHAD UTUSAN MELAYU (MALAYSIA) BERHAD - PROPOSED DISPOSAL OF 60,000 ORDINARY SHARES OF RM1.00 EACH IN UTUSAN STUDIOS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY TO RAWDAH S&S SDN BHD FOR A TOTAL CONSIDERATION

More information

Based on the Company Search dated October 17, 2011, the Directors, Shareholders, Receivers and Managers of Zoomic Tech are as follows:-

Based on the Company Search dated October 17, 2011, the Directors, Shareholders, Receivers and Managers of Zoomic Tech are as follows:- DUFU TECHNOLOGY CORP. BERHAD ( DUFU ) ACQUISITION OF LEASEHOLD PROPERTIES BY DUFUSION SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF DUFU (THE ACQUISITION ) FOR A PURCHASE CONSIDERATION OF RM9 MILLION 1.0 INTRODUCTION

More information

CHEMICAL COMPANY OF MALAYSIA BERHAD ( CCMB OR THE COMPANY )

CHEMICAL COMPANY OF MALAYSIA BERHAD ( CCMB OR THE COMPANY ) CHEMICAL COMPANY OF MALAYSIA BERHAD ( CCMB OR THE COMPANY ) PROPOSED DISPOSAL OF LAND HELD UNDER H.S.(D) 75345, PT 6055, IN MUKIM OF LABU, DISTRICT OF SEREMBAN, STATE OF NEGERI SEMBILAN MEASURING APPROXIMATELY

More information

RELATED PARTY TRANSACTION ON THE SALE OF PROPERTY BY SINMAH BREEDERS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF FBB, TO MAX JOINTWELL SDN BHD

RELATED PARTY TRANSACTION ON THE SALE OF PROPERTY BY SINMAH BREEDERS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF FBB, TO MAX JOINTWELL SDN BHD FARM S BEST BERHAD ( FBB OR COMPANY ) RELATED PARTY TRANSACTION ON THE SALE OF PROPERTY BY SINMAH BREEDERS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF FBB, TO MAX JOINTWELL SDN BHD 1. INTRODUCTION Pursuant to

More information

LAND & GENERAL BERHAD ( L&G or the COMPANY )

LAND & GENERAL BERHAD ( L&G or the COMPANY ) LAND & GENERAL BERHAD ( L&G or the COMPANY ) PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID UP CAPITAL IN PEMBINAAN JAYA MEGAH SDN BHD ( PJMSB ) BY VICTORY VISTA SDN BHD, A WHOLLY-OWNED SUBSIDIARY

More information

DISPOSAL OF PROPERTIES TO RELATED PARTY BY JKG CENTRAL PARK SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF JKG

DISPOSAL OF PROPERTIES TO RELATED PARTY BY JKG CENTRAL PARK SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF JKG JKG LAND BERHAD ( JKG OR THE COMPANY ) DISPOSAL OF PROPERTIES TO RELATED PARTY BY JKG CENTRAL PARK SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF JKG 1. INTRODUCTION The Board of Directors of JKG ( Board ) wishes

More information

ANNOUNCEMENT TO BURSA MALAYSIA SECURITES BERHAD

ANNOUNCEMENT TO BURSA MALAYSIA SECURITES BERHAD ANNOUNCEMENT TO BURSA MALAYSIA SECURITES BERHAD GLOMAC BERHAD ( Glomac or the Company ) - Proposed Acquisition of land by Glomac Alliance Sdn Bhd, a wholly-owned subsidiary of Glomac from Score Option

More information

SELANGOR DREDGING BERHAD - ACQUISITION OF LANDS BY HAYAT ABADI SDN. BHD.

SELANGOR DREDGING BERHAD - ACQUISITION OF LANDS BY HAYAT ABADI SDN. BHD. SUBJECT: SELANGOR DREDGING BERHAD - ACQUISITION OF LANDS BY HAYAT ABADI SDN. BHD. 1. INTRODUCTION Selangor Dredging Berhad ( SDB or Company ) wishes to announce that Hayat Abadi Sdn. Bhd. ( HYSB ), a wholly-owned

More information

ANNOUNCEMENT SUBJECT : TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) GABUNGAN AQRS BERHAD ( GBGAQRS OR THE COMPANY )

ANNOUNCEMENT SUBJECT : TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) GABUNGAN AQRS BERHAD ( GBGAQRS OR THE COMPANY ) ANNOUNCEMENT SUBJECT : TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) GABUNGAN AQRS BERHAD ( GBGAQRS OR THE COMPANY ) PROPOSED SALE OF LAND BY THE COMPANY S WHOLLY-OWNED SUBSIDIARY, NUSVISTA DEVELOPMENT

More information

MEDA INC BHD ( MEDA INC OR THE COMPANY ) AND ITS SUBSIDIARY COMPANIES ( MEDA GROUP )

MEDA INC BHD ( MEDA INC OR THE COMPANY ) AND ITS SUBSIDIARY COMPANIES ( MEDA GROUP ) MEDA INC BHD ( MEDA INC OR THE COMPANY ) AND ITS SUBSIDIARY COMPANIES ( MEDA GROUP ) PROPOSED DISPOSAL BY NANDEX LAND SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF MEDA OF APPROXIMATELY 85.98 ACRES (347,948.72

More information

TROPICANA CORPORATION BERHAD (FORMERLY KNOWN AS DIJAYA CORPORATION BERHAD) ( TROPICANA OR COMPANY )

TROPICANA CORPORATION BERHAD (FORMERLY KNOWN AS DIJAYA CORPORATION BERHAD) ( TROPICANA OR COMPANY ) TROPICANA CORPORATION BERHAD (FORMERLY KNOWN AS DIJAYA CORPORATION BERHAD) ( TROPICANA OR COMPANY ) PROPOSED DISPOSAL BY SAPPHIRE INDEX SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF TROPICANA, OF LEASEHOLD LAND

More information

(a) Land : Held under HSD 16097, PT 7886, Mukim Gemencheh, Daerah Tampin, Negeri Sembilan

(a) Land : Held under HSD 16097, PT 7886, Mukim Gemencheh, Daerah Tampin, Negeri Sembilan BERTAM ALLIANCE BERHAD ( BERTAM or THE COMPANY ) PROPOSED DISPOSAL OF AGRICULTURE LAND HELD UNDER HSD 16097, PT 7886, MUKIM GEMENCHEH, DAERAH TAMPIN, NEGERI SEMBILAN MEASURING WITH AN AREA OF 196.3 HECTARES

More information

PROPOSED DISPOSAL OF THE SUMMIT HOTEL BUKIT MERTAJAM ( PROPOSED DISPOSAL )

PROPOSED DISPOSAL OF THE SUMMIT HOTEL BUKIT MERTAJAM ( PROPOSED DISPOSAL ) MEDA INC BERHAD ( MEDA OR THE COMPANY ) PROPOSED DISPOSAL OF THE SUMMIT HOTEL BUKIT MERTAJAM ( PROPOSED DISPOSAL ) 1. INTRODUCTION Board of Directors of Meda ( Board ) wishes to announce that the Company

More information

PROPOSED DISPOSAL OF WISMA SELANGOR DREDGING FOR A CASH CONSIDERATION OF RM480,000,000

PROPOSED DISPOSAL OF WISMA SELANGOR DREDGING FOR A CASH CONSIDERATION OF RM480,000,000 SELANGOR DREDGING BERHAD ( SDB OR COMPANY ) PROPOSED DISPOSAL OF WISMA SELANGOR DREDGING FOR A CASH CONSIDERATION OF RM480,000,000 1. INTRODUCTION On behalf of the Board of Directors of the Company ( Board

More information

1. INTRODUCTION. (TWPM and PBC are collectively referred to as the Parties ) 2. DETAILS OF THE DISPOSAL. 2.1 Information on TWPM

1. INTRODUCTION. (TWPM and PBC are collectively referred to as the Parties ) 2. DETAILS OF THE DISPOSAL. 2.1 Information on TWPM TIEN WAH PRESS HOLDINGS BERHAD ( TWPH or the Company ) RELATED PARTY TRANSACTION - Disposal of Assets by Tien Wah Press (Malaya) Sdn. Bhd. to Paper Base Converting Sdn. Bhd. 1. INTRODUCTION Reference is

More information

S P SETIA BERHAD (19698-X) ("S P SETIA" or "THE COMPANY")

S P SETIA BERHAD (19698-X) (S P SETIA or THE COMPANY) S P SETIA BERHAD (19698-X) ("S P SETIA" or "THE COMPANY") PROPOSED ACQUISITION BY BUKIT INDAH (SELANGOR) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF S P SETIA, OF A PIECE OF FREEHOLD LAND HELD UNDER GERAN 45874

More information

PROPOSED DISPOSAL OF THE PROPERTY AND ASSETS RELATED TO THE BEVERAGE BUSINESS

PROPOSED DISPOSAL OF THE PROPERTY AND ASSETS RELATED TO THE BEVERAGE BUSINESS ENVICTUS INTERNATIONAL HOLDINGS LIMITED (Company Registration No: 200313131Z) PROPOSED DISPOSAL OF THE PROPERTY AND ASSETS RELATED TO THE BEVERAGE BUSINESS 1. INTRODUCTION 1.1 The board of directors (the

More information

2.2 BACKGROUND INFORMATION ON MSDSB AND REEBOK.

2.2 BACKGROUND INFORMATION ON MSDSB AND REEBOK. ACQUISITION OF FREEHOLD LANDS AND BUILDINGS HELD UNDER LOT 758 & 759 SEKSYEN 41 BANDAR KUALA LUMPUR DAERAH KUALA LUMPUR NEGERI WILAYAH PERSEKUTUAN MEASURING IN TOTAL AREA OF 297.334 SQUARES METRES ( THE

More information

OSK PROPERTY HOLDINGS BERHAD ("OSKP" OR "THE COMPANY")

OSK PROPERTY HOLDINGS BERHAD (OSKP OR THE COMPANY) OSK PROPERTY HOLDINGS BERHAD ("OSKP" OR "THE COMPANY") PROPOSED ACQUISITION BY WARISAN RAJAWALI SDN BHD, A WHOLLY- OWNED SUBSIDIARY COMPANY OF OSKP, OF A PARCEL OF FREEHOLD COMMERCIAL LAND MEASURING APPROXIMATELY

More information

FARM S BEST BERHAD ( FBB OR COMPANY )

FARM S BEST BERHAD ( FBB OR COMPANY ) FARM S BEST BERHAD ( FBB OR COMPANY ) PROPOSED DISPOSAL OF TEN (10) PARCELS OF FREEHOLD VACANT LAND IN MUKIM GRISEK, DAERAH LEDANG, JOHOR ( LAND ) BY SINMAH POULTRY FARM SDN BHD ( SINMAH OR VENDOR ), A

More information

ASIA MEDIA GROUP BERHAD ( AMEDIA OR THE COMPANY OR THE VENDOR )

ASIA MEDIA GROUP BERHAD ( AMEDIA OR THE COMPANY OR THE VENDOR ) ASIA MEDIA GROUP BERHAD ( AMEDIA OR THE COMPANY OR THE VENDOR ) PROPOSED DISPOSAL OF THE ENTIRE EQUITY INTEREST IN DPO PLANTATIONS SDN BHD ( DPO ), A WHOLLY-OWNED SUBSIDIARY OF AMEDIA, TO DPO HOLDINGS

More information

ANNOUNCEMENT BINA DARULAMAN BERHAD ( BDB OR THE COMPANY ) PURCHASE OF LAND BY A WHOLLY OWNED SUBSIDIARY OF BDB BDB LAND SDN BHD

ANNOUNCEMENT BINA DARULAMAN BERHAD ( BDB OR THE COMPANY ) PURCHASE OF LAND BY A WHOLLY OWNED SUBSIDIARY OF BDB BDB LAND SDN BHD ANNOUNCEMENT BINA DARULAMAN BERHAD ( BDB OR THE COMPANY ) PURCHASE OF LAND BY A WHOLLY OWNED SUBSIDIARY OF BDB BDB LAND SDN BHD 1.0 INTRODUCTION The Board of Directors of BDB ( the Board ) wishes to announce

More information

TAKASO RESOURCES BERHAD

TAKASO RESOURCES BERHAD TAKASO RESOURCES BERHAD Type Subject Description Announcement MATERIAL INFORMATION (CHAPTER 9 OF LISTING REQUIREMENTS) 1. Joint Venture for a Mixed Development Project on a parcel of land in Bandar Kuantan,

More information

AJINOMOTO (MALAYSIA) BERHAD ( AMB OR THE COMPANY )

AJINOMOTO (MALAYSIA) BERHAD ( AMB OR THE COMPANY ) AJINOMOTO (MALAYSIA) BERHAD ( AMB OR THE COMPANY ) PROPOSED ACQUISITION OF A PIECE OF FREEHOLD LAND MEASURING APPROXIMATELY 2,030,116.58 SQUARE FEET (188,604.18 SQUARE METERS) LOCATED IN TECHPARK@ENSTEK,

More information

PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID UP CAPITAL OF MI POLYMER CONCRETE PIPES SDN BHD ( MIPCP )

PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID UP CAPITAL OF MI POLYMER CONCRETE PIPES SDN BHD ( MIPCP ) CHIN HIN GROUP BERHAD ( CHIN HIN OR THE COMPANY ) PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID UP CAPITAL OF MI POLYMER CONCRETE PIPES SDN BHD ( MIPCP ) 1. INTRODUCTION The Board of Directors of

More information

1. INTRODUCTION 2. DETAILS OF THE JV PARTIES. 2.1 Details of LakeHill

1. INTRODUCTION 2. DETAILS OF THE JV PARTIES. 2.1 Details of LakeHill MALAYSIA PACIFIC CORPORATION BERHAD ( MPC OR THE COMPANY ) JOINT VENTURE BETWEEN LAKEHILL RESORT DEVELOPMENT SDN BHD, A WHOLLY OWNED SUBSIDIARY OF MPC AND BINA PURI PROPERTIES SDN BHD FOR A DEVELOPMENT

More information

CME GROUP BERHAD ( CME OR COMPANY )

CME GROUP BERHAD ( CME OR COMPANY ) CME GROUP BERHAD ( CME OR COMPANY ) PROPOSED ACQUISITION OF A LEASEHOLD LAND MEASURING APPROXIMATELY 5,936 SQUARE METRES OR 1.47 ACRES LOCATED AT MUKIM KUALA KUANTAN, TEMPAT BANDAR INDERA MAHKOTA, DISTRICT

More information

(I) PROPOSED ACQUISITION (II) REVISION TO THE UTILISATION OF INITIAL PUBLIC OFFERING ( IPO ) PROCEEDS

(I) PROPOSED ACQUISITION (II) REVISION TO THE UTILISATION OF INITIAL PUBLIC OFFERING ( IPO ) PROCEEDS LEON FUAT BERHAD (I) PROPOSED ACQUISITION (II) REVISION TO THE UTILISATION OF INITIAL PUBLIC OFFERING ( IPO ) PROCEEDS 1. INTRODUCTION The Board of Directors of Leon Fuat Berhad ( LFB or the Company )

More information

Details of the Vendor, Purchase Consideration and Vendor s Advances are set out below:- No. of Sale Shares Held

Details of the Vendor, Purchase Consideration and Vendor s Advances are set out below:- No. of Sale Shares Held - ACQUISITION OF 90% EQUITY INTEREST IN YAKIN LAND SDN. BHD. BY BAZARBAYU SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF 1. INTRODUCTION The Board of Directors of Kerjaya Prospek Group Berhad ( Company ) wishes

More information

Lim Hoe Studio apartment in Tower H, EkoCheras (Parcel No: H-28-02) Lim Hoe Studio apartment in Tower H, EkoCheras (Parcel No: H-28-03)

Lim Hoe Studio apartment in Tower H, EkoCheras (Parcel No: H-28-02) Lim Hoe Studio apartment in Tower H, EkoCheras (Parcel No: H-28-03) 1.0 INTRODUCTION The Board of Directors of Ekovest ( Board ), wishes to announce that our wholly-owned subsidiary, Ekovest Capital Sdn Bhd (formerly known as Prompt Capital Sdn Bhd) ( Ekovest Capital ),

More information

LION DIVERSIFIED HOLDINGS BERHAD ( LDHB OR THE COMPANY )

LION DIVERSIFIED HOLDINGS BERHAD ( LDHB OR THE COMPANY ) LION DIVERSIFIED HOLDINGS BERHAD ( LDHB OR THE COMPANY ) I. disposal by CPB Enterprise Sdn Bhd, a wholly-owned subsidiary of the Company, of a piece of leasehold land in Mukim Cheng, Daerah Melaka Tengah,

More information

After the completion of the Proposals, GOB will hold 99.99% of the equity interest in JJSB.

After the completion of the Proposals, GOB will hold 99.99% of the equity interest in JJSB. GLOBAL ORIENTAL BERHAD ( GOB or COMPANY ) PROPOSED SUBSCRIPTION AND ACQUISITION 1. INTRODUCTION The Board of Directors of GOB ( Board ) wishes to announce that the Company had on 22 December 2017 entered

More information

DISPOSAL OF PROPERTY BY ORIENTAL FASTECH MANUFACTURING SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF LNGRES TO TRIANGLE ASSETS MANAGEMENT SDN. BHD.

DISPOSAL OF PROPERTY BY ORIENTAL FASTECH MANUFACTURING SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF LNGRES TO TRIANGLE ASSETS MANAGEMENT SDN. BHD. LNG RESOURCES BERHAD ( LNGRES OR COMPANY) DISPOSAL OF PROPERTY BY ORIENTAL FASTECH MANUFACTURING SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF LNGRES TO TRIANGLE ASSETS MANAGEMENT SDN. BHD. 1.0 INTRODUCTION

More information

2.1.2 The Purchaser will assume and repay specific liabilities of EVSB due to GRSB amounting to RM7,890,000, a 100% owned subsidiary of GUNUNG.

2.1.2 The Purchaser will assume and repay specific liabilities of EVSB due to GRSB amounting to RM7,890,000, a 100% owned subsidiary of GUNUNG. GUNUNG CAPITAL BERHAD ( GUNUNG OR THE COMPANY ) PROPOSED DISPOSAL OF 1,160,000 ORDINARY SHARES OF EV BUS SDN BHD ( EVSB ) REPRESENTING 100% EQUITY INTEREST IN EVSB FOR TOTAL CASH PROCEEDS OF RM9,050,000

More information

The principal activities of Ikatan are property development and investment. Harmoni is a wholly owned subsidiary of Ikatan.

The principal activities of Ikatan are property development and investment. Harmoni is a wholly owned subsidiary of Ikatan. ASIAN PAC HOLDINGS BERHAD ( APHB OR COMPANY ) PROPOSED SHARES ACQUISITION BY APHB OF 90,000 ORDINARY SHARES IN HARMONI BUMIRIA SDN BHD ( HARMONI ) REPRESENTING 90% EQUITY INTEREST IN THE COMPANY FROM IKATAN

More information

subject to the terms and conditions as stipulated in the SPA ( Disposal ). (Land 1 and Land 2 are collectively referred to as Land or Property )

subject to the terms and conditions as stipulated in the SPA ( Disposal ). (Land 1 and Land 2 are collectively referred to as Land or Property ) WAH SEONG CORPORATION BERHAD (495846-A) STOCK NAME : WASEONG TYPE : GENERAL ANNOUNCEMENT SUBJECT : TRANSACTIONS (CHAPER 10 OF LISTING REQUIREMENTS) - NON RELATED PARTY TRANSACTIONS DESCRIPTION : WAH SEONG

More information

The payment schedule for the Proposed Acquisition is set out in Section 2.3(c) below.

The payment schedule for the Proposed Acquisition is set out in Section 2.3(c) below. MELATI EHSAN HOLDINGS BERHAD ( MEHB OR COMPANY ) PROPOSED ACQUISITION BY BAYU MELATI SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MEHB, OF THREE (3) PARCELS OF LEASEHOLD LAND IDENTIFIED AS H.S.(D) 54886, 54887

More information

A formal sale and purchase agreement ("SPA") will be executed upon all the conditions precedent in the Agreement are fulfilled.

A formal sale and purchase agreement (SPA) will be executed upon all the conditions precedent in the Agreement are fulfilled. FAJARBARU BUILDER GROUP BHD ("FBG" OR THE "COMPANY") PROPOSED ACQUISITION BY FAJARBARU LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF FAJARBARU BUILDER GROUP BHD, OF A PIECE OF FREEHOLD LAND MEASURING 2.749

More information

Freehold Sime Darby Plantation (Peninsular) Sdn Bhd ( SDPPSB ) Sime Darby s original cost of investment in the Land is RM1.1 million.

Freehold Sime Darby Plantation (Peninsular) Sdn Bhd ( SDPPSB ) Sime Darby s original cost of investment in the Land is RM1.1 million. SIME DARBY BERHAD ( SIME DARBY ) PROPOSED DISPOSAL OF FREEHOLD LAND IN NEW LUNDERSTON ESTATE MEASURING APPROXIMATELY 297.51 ACRES TO PNB DEVELOPMENT SDN BERHAD BY SIME DARBY BUILDERS SDN BHD, AN INDIRECT

More information

The authorised and issued and paid-up share capital of WII are set out below: Ordinary shares of RM1.00 each 9,000,000 9,000,000.

The authorised and issued and paid-up share capital of WII are set out below: Ordinary shares of RM1.00 each 9,000,000 9,000,000. WEIDA (M) BHD ("WEIDA" or the Company ) - PROPOSED ACQUISITION OF LAND LOCATED AT LOT 35, BLOCK 4 MUARA TEBAS LAND DISTRICT, KUCHING, SARAWAK COVERING AN AREA OF 40,140 SQUARE METRES BY WEIDA INTEGRATED

More information

PROPOSED ACQUISITION OF LAND BY SUNGLOBAL RESOURCES SDN BHD

PROPOSED ACQUISITION OF LAND BY SUNGLOBAL RESOURCES SDN BHD SUNWAY BERHAD ( SUNWAY ) 1) SUBSCRIPTION AND SHAREHOLDERS AGREEMENT BETWEEN SUNGLOBAL RESOURCES SDN BHD, SUNWAY CITY SDN BHD AND HUATLAND DEVELOPMENT SDN BHD 2) PROPOSED ACQUISITION OF LAND BY SUNGLOBAL

More information

Related Party Transactions on Sale of Shop-Office Unit to Person Related to Directors and Major Shareholders

Related Party Transactions on Sale of Shop-Office Unit to Person Related to Directors and Major Shareholders ANNOUNCEMENT SUBJECT: TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) GABUNGAN AQRS BERHAD ("GBGAQRS" OR THE COMPANY") Related Party Transactions on Sale of Shop-Office Unit to Person Related to Directors

More information

The vendors for the Sale Shares are as follows:- Name Address Nationality. Lot 34533, Kampung Bintang Sitiawan Perak Darul Ridzuan

The vendors for the Sale Shares are as follows:- Name Address Nationality. Lot 34533, Kampung Bintang Sitiawan Perak Darul Ridzuan KPJ HEALTHCARE BERHAD ( KPJ OR COMPANY ) PROPOSED ACQUISITION BY IPOH SPECIALIST HOSPITAL SDN BHD ( ISH ), A SUBSIDIARY OF KPJ, OF 100% EQUITY IN SRI MANJUNG SPECIALIST CENTRE SDN BHD FOR A TOTAL CASH

More information

PROPOSED DISPOSAL OF 73% EQUITY INTEREST IN TENAGA KIMIA SDN BHD ( TKSB ) ( PROPOSED DISPOSAL )

PROPOSED DISPOSAL OF 73% EQUITY INTEREST IN TENAGA KIMIA SDN BHD ( TKSB ) ( PROPOSED DISPOSAL ) TROPICANA CORPORATION BERHAD ( TROPICANA OR COMPANY ) PROPOSED DISPOSAL OF 73% EQUITY INTEREST IN TENAGA KIMIA SDN BHD ( TKSB ) ( PROPOSED DISPOSAL ) 1. INTRODUCTION The Board of Directors of Tropicana

More information

MKH BERHAD (50948-T) ( MKH OR THE COMPANY OR THE GROUP ) JOINT VENTURE AGREEMENT BETWEEN SURIA VILLA SDN BHD AND SIM SEE HUA BROTHERS SDN BHD

MKH BERHAD (50948-T) ( MKH OR THE COMPANY OR THE GROUP ) JOINT VENTURE AGREEMENT BETWEEN SURIA VILLA SDN BHD AND SIM SEE HUA BROTHERS SDN BHD MKH BERHAD (50948-T) ( MKH OR THE COMPANY OR THE GROUP ) JOINT VENTURE AGREEMENT BETWEEN SURIA VILLA SDN BHD AND SIM SEE HUA BROTHERS SDN BHD 1.0 INTRODUCTION The Board of Directors of MKH is pleased to

More information

Further details of the Proposed Acquisition 1 and 2 are set out in the following sections:

Further details of the Proposed Acquisition 1 and 2 are set out in the following sections: HUA YANG BERHAD ( HYB or the Company ) (1) Proposed acquisition of Company by Hua Yang Bhd (2) Proposed acquisition of Land by G Land Development Sdn Bhd 1. INTRODUCTION The Board of Directors of HYB wishes

More information

O&C RESOURCES BERHAD. Announcement

O&C RESOURCES BERHAD. Announcement O&C RESOURCES BERHAD Type Subject Description Announcement OTHERS Joint Venture Agreement between Yayasan Pahang and O&C Properties (Kuantan) Sdn. Bhd., a 90% subsidiary of O&C Resources Berhad, in relation

More information

1.1 The Board of Directors of AB wishes to announce that on 18 January 2016, FPT, a wholly owned subsidiary of AB had entered into:

1.1 The Board of Directors of AB wishes to announce that on 18 January 2016, FPT, a wholly owned subsidiary of AB had entered into: ANNOUNCEMENT ACOUSTECH BERHAD ( AB or the Company ) PROPOSED DISPOSAL BY FORMOSA PROSONIC TECHNICS SDN BHD ( FPT ) OF A LEASEHOLD LAND HELD UNDER PM 4012, LOT NO. 40702, BANDAR SULTAN SULAIMAN, DAERAH

More information

TIEN WAH PRESS HOLDINGS BERHAD ( TWPH OR THE COMPANY )

TIEN WAH PRESS HOLDINGS BERHAD ( TWPH OR THE COMPANY ) TIEN WAH PRESS HOLDINGS BERHAD ( TWPH OR THE COMPANY ) PROPOSED JOINT VENTURE BETWEEN KEMENSAH HOLDINGS PTE LTD ( KHPL ) AND TIEN WAH PROPERTIES SDN BHD ( TWPSB ), A WHOLLY OWNED SUBSIDIARY OF TWPH, FOR

More information

The Proposed Shares Acquisition and Proposed Property Acquisition will be hereinafter referred to as the Proposals.

The Proposed Shares Acquisition and Proposed Property Acquisition will be hereinafter referred to as the Proposals. MAGNA PRIMA BERHAD ( MPB OR THE COMPANY ) PROPOSED ACQUISITION BY WINICON (M) SDN BHD, A WHOLLY OWNED SUBSIDIARY OF MPB FROM DATO AHMAD SHAFEE BIN SABARUDDIN AND MOHD SABKI BIN RAZALI OF 250,002 ORDINARY

More information