CREST BUILDER HOLDINGS BERHAD ( CREST BUILDER OR COMPANY )
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- Antony Spencer
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1 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 IN MUKIM OF SUNGAI BULOH, DAERAH OF PETALING, NEGERI SELANGOR FOR A TOTAL CASH CONSIDERATION OF RM57,525,336 ( PROPOSED DISPOSAL ) 1. INTRODUCTION On behalf of the Board of Directors of Crest Builder, we wish to announce that on 4 March 2011, CBSB, a wholly-owned subsidiary of Crest Builder, had entered into a Sale and Purchase Agreement ( SPA ) with Foster Estate Sdn Bhd ( Foster Estate or Purchaser ) for the proposed disposal of a parcel of leasehold commercial development land held under H.S. (D) , PT 44018, Mukim of Sungai Buloh, Daerah of Petaling, Negeri Selangor measuring approximately 6.33 acres with a net usable area of approximately 4.26 acres as agreed by both parties ( Net Usable Area ) ( Land ) for a total cash consideration of RM57,525,336 ( Disposal Consideration ). 2. DETAILS OF THE PROPOSED DISPOSAL 2.1 Basis of arriving at the Disposal Consideration The Disposal Consideration, based on the Net Usable Area, was arrived at on a willingbuyer willing-seller basis after negotiations between CBSB and Foster Estate. A valuation on the Land was undertaken by PA International Property Consultants (KL) Sdn Bhd on 23 February Using the nett/usable land area, the market value of the Land was assessed to be RM55,700, Salient terms of the SPA The salient terms of the SPA are as follows: (i) The Disposal Consideration shall be paid by the Purchaser as follows: (a) (b) the sum of RM1,150,506.72, which was paid to the Vendor prior to the execution of the SPA as earnest deposit; upon the execution of the SPA, (1) the sum of RM1,150,506.72, to the Purchaser s solicitors as stakeholders for the purpose of compliance with the Real Property Gains Tax Act, 1976 and (2) the sum of RM3,451,520.16, to the Vendor s solicitors as stakeholders, making a total sum of RM5,752,533.60, representing a deposit of 10% of the Disposal Consideration ( Deposit ); and 1
2 (c) the balance sum of RM51,772, to be paid to the Vendor s solicitors as stakeholders within the period of three (3) months from the date of the Vendor s fulfillment of the Condition Precedent (as hereinafter defined in Section 2.2(ii) of this announcement) and the Purchaser s solicitors having received documentary evidence of the same ( Completion Period ), or within the extended period of two (2) months commencing immediately upon the expiry of the Completion Period, as the case may be, subject to the terms and conditions stated in the SPA; (ii) (iii) (iv) (v) (vi) (vii) The Proposed Disposal is conditional upon the Vendor having obtained the written consent from the Pejabat Tanah Dan Galian Selangor consenting to the transfer of the Land from the Vendor to the Purchaser ( Letter of Consent to Transfer ) and the Purchaser s solicitors having received a copy of the Letter of Consent to Transfer ( Condition Precedent ); In the event that the Condition Precedent is not fulfilled, complied with or obtained within the period of six (6) months from the date of the SPA ( Conditions Period ), the Vendor and the Purchaser ( the Parties ) agree that the Conditions Period shall be extended by a period of six (6) months commencing immediately upon the expiry of the Conditions Period or such extended period as may be mutually agreed by the Purchaser at its sole discretion ( Extended Conditions Period ); In the event that the Condition Precedent is not fulfilled, complied with or obtained within the Extended Conditions Period, the Parties agree that the Purchaser shall at its sole discretion have the right to further extend the Extended Conditions Period for a further period commencing immediately upon the expiry of the Extended Conditions Period ( Further Extended Conditions Period ); In the event that upon the expiry of the Extended Conditions Period, or the Further Extended Conditions Period, as the case may be, the Condition Precedent is still not fulfilled, complied with or obtained, the SPA shall lapse and be of no further effect and the Vendor shall within seven (7) business days from the expiry of the Extended Conditions Period, or the Further Extended Conditions Period, as the case may be, refund to the Purchaser the Deposit. In the event that the Vendor fails to refund the Deposit, the Vendor shall pay to the Purchaser interest on the Deposit, calculated at the rate of eight per centum (8%) per annum on the monies due and outstanding calculated on a daily basis from the due date of payment until full payment thereof; and The Vendor shall within a period of fourteen (14) business days from the date of the SPA, at the Vendor s sole cost and expense, submit and file the application to the relevant authorities for the Letter of Consent to Transfer in respect of the Land and all charges and cost and expense for the Letter of Consent to Transfer shall be wholly and absolutely borne by the Vendor. 2
3 2.3 Details of the Land The Land comprises a parcel of leasehold commercial development land held under H.S. (D) , PT 44018, Mukim of Sungai Buloh, Daerah of Petaling, Negeri Selangor measuring approximately 6.33 acres, with a usable land area of approximately 4.26 acres and the balance thereof is required to be surrendered to the relevant authorities. The Land is located along Jalan PJU 8/8 parallel to the Lebuhraya Damansara Puchong ( LDP ) due west, within an ongoing self-contained residential and mixed commercial scheme commonly known as Damansara Perdana. The general locality is adjacent to Bandar Utama, Taman Tun Dr Ismail/Mutiara Damansara and is located on the north-western fringes of the Federal Territory skirting north Petaling Jaya. The Land is roughly rectangular in shape and is easily accessible from the city centre via Jalan Duta, Jalan Damansara onto the LDP just past Bandar Utama, Taman Tun Dr Ismail and Mutiara Damansara. Further information on the Land is as follows: Description of the Land H.S. (D) , PT 44018, Mukim of Sungai Buloh, Daerah of Petaling, Negeri Selangor Land area 6.33 acres, with a net usable area of 4.26 acres Existing use of the Land Category of land use Express condition Vacant Bangunan Bangunan Perniagaan Tenure of Expiry date leasehold of the lease 99 years 8 June 2104 Based on the latest audited consolidated financial statements of Crest Builder for the financial year ended 31 December 2009, the net book value of the Land is RM38,206,376. As at the date of this announcement, the issue document of title to the Land is presently encumbered by a private caveat by EON Bank Berhad, which was registered on 1 December Original cost of investment The Land was originally acquired by CBSB on 20 February 2009 for a purchase price of RM37,113,120, which was satisfied by setting off the same amount against part of the total contract sum payable by Saujana Triangle Sdn Bhd, a wholly-owned subsidiary of MK Land Holdings Berhad, to CBSB in the ordinary course of business as at 20 February Gain or loss on the Proposed Disposal Crest Builder and its subsidiaries ( Crest Builder Group ) expect to realise a gain of approximately RM19.72 million from the Proposed Disposal. 3
4 2.6 Liabilities to be assumed There are no liabilities, including contingent liabilities and guarantees, to be assumed by the Purchaser pursuant to the Proposed Disposal. 3. BACKGROUND INFORMATION ON CBSB AND FOSTER ESTATE 3.1 CBSB CBSB was incorporated in Malaysia under the Companies Act, 1965 ( Act ) on 21 November CBSB is principally a construction company. CBSB is registered as a Class A Contractor (PKK) with the Ministry of Entrepreneurial Development as well as in the G7 category with the Construction Industry Development Board of Malaysia (CIDB). CBSB is a wholly-owned subsidiary of Crest Builder. 3.2 Foster Estate Foster Estate was incorporated in Malaysia under the Act on 4 November 2010 with its registered address at 68-3A, Jalan Pasar, Klang, Selangor Darul Ehsan. Foster Estate is principally a property investment holding company. 4. PROPOSED UTILISATION OF PROCEEEDS The expected gross proceeds of RM57,525,336 arising from the Proposed Disposal are expected to be utilised within one (1) year from date of completion of the Proposed Disposal in the following manner: Note RM Repayment of borrowings 1 40,000,000 Working capital 17,525,336 TOTAL 57,525,336 Note: (1) Crest Builder proposes to use part of the proceeds from the Proposed Disposal for early settlement of its entire Collaterised Loan Obligations ( CLO Loan ). The utilisation of the proceeds from the Proposed Disposal will result in an estimated interest savings of approximately RM1.476 million. Based on Crest Builder s audited financial statement for the financial year ended 31 December 2009, the principal amount outstanding of the CLO Loan amounts to approximately RM40 million. 5. RATIONALE FOR THE PROPOSED DISPOSAL Based on the Disposal Consideration, Crest Builder Group would be able to realise an immediate gain on disposal of approximately RM19.72 million. In addition, the cash proceeds from the Proposed Disposal may be utilised for the purposes stated under Section 4 of this announcement. 4
5 6. EFFECTS OF THE PROPOSED DISPOSAL 6.1 Issued and paid-up share capital The Proposed Disposal will not have any effect on the issued and paid-up share capital of the Company. 6.2 Shareholdings of substantial shareholders The Proposed Disposal will not have any effect on the shareholdings of the substantial shareholders of the Company. 6.3 Earnings per share Crest Builder Group expects to realise a gain on disposal of approximately RM19.72 million for the financial year ending 31 December As such, the Proposed Disposal will improve the Company s consolidated earnings per share for the financial year ending 31 December Net assets per share and gearing The proforma effects of the Proposed Disposal on the net assets per share and gearing of Crest Builder Group based on the audited consolidated financial statements of Crest Builder for the financial year ended 31 December 2009 are as follows: Group Audited 31 December 2009 RM After the Proposed Disposal RM Share capital 124,089, ,089,450 Reserves 106,691,593 (1) 126,414,853 Shareholders equity/ Net assets 230,781, ,504,303 Interest bearing borrowings 155,147,173 (2) 115,147,173 No. of ordinary shares of RM1.00 in issue 124,089, ,089,450 Net assets per share Gearing (times) Notes: (1) Assuming a gain on disposal of approximately RM19.72 million arising from the Proposed Disposal. (2) RM40 million of the proceeds from the Proposed Disposal shall be utilised to repay the CLO Loans. 7. APPROVALS REQUIRED Save as disclosed in Section 2.2(ii) of this announcement, the Proposed Disposal is not subject to the approval of any other authorities and/or parties. Application to the relevant authority for the Proposed Disposal is expected to be made within one (1) month from the date of this announcement. 5
6 8. DIRECTORS AND MAJOR SHAREHOLDERS INTERESTS None of the Directors, major shareholders and/or persons connected to them has any interest, direct or indirect, in the Proposed Disposal. 9. DIRECTORS STATEMENT The Board of Directors of Crest Builder, having considered all aspects of the Proposed Disposal, is of the opinion that the Proposed Disposal is in the best interest of the Company. 10. PERCENTAGE RATIOS Based on the audited consolidated financial statements of Crest Builder for the financial year ended 31 December 2009, the highest percentage ratio applicable to the Proposed Disposal pursuant to paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is the aggregate value of the Disposal Consideration over the net assets of the Company, which amounts to approximately 24.9%. 11. EXPECTED TIMEFRAME FOR COMPLETION Barring any unforeseen circumstances, the Proposed Disposal is expected to be completed by the second half of DOCUMENTS AVAILABLE FOR INSPECTION The SPA and independent valuation certificate with respect to the Land are available for inspection at Crest Builder s registered office at No. 14-2, Jalan 4A/27A, Section 2, Wangsa Maju, Kuala Lumpur during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 4 March
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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 information2.1.2 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(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
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OSK HOLDINGS BERHAD ("OSK" OR "THE COMPANY") PROPOSED ACQUISITION BY ASPECT SYNERGY SDN. BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY COMPANY OF OSK OF SIX (6) PARCELS OF FREEHOLD AGRICULTURAL LANDS HELD UNDER
More informationDirectors/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
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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 informationSentosa 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-,
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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
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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 informationFreehold 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 informationA 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 informationPROPOSED 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
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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
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PARKSON HOLDINGS BERHAD ( PARKSON HOLDINGS or the COMPANY ) Proposed Disposal of KL Festival City Mall 1. INTRODUCTION The Board of Directors of Parkson Holdings wishes to announce that Festival City Sdn
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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
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MALAYSIAN RESOURCES CORPORATION BERHAD ( MRCB OR THE COMPANY ) - DISPOSAL OF MRCB S 51% EQUITY INTEREST IN NU SENTRAL SDN BHD ( NSSB ) TO PELABURAN HARTANAH BERHAD ( PHB ) FOR A CONSIDERATION OF RM119,776,136
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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
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- 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
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Hap Seng Consolidated Berhad ( HSCB or the Company ) (I) Shareholders Agreement between Hap Seng Land Development Sdn Bhd, TTDI KL Metropolis Sdn Bhd and Golden Suncity Sdn Bhd; and (II) Development Rights
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MAH SING GROUP BERHAD ( MAH SING OR COMPANY ) PROPOSED ACQUISITION BY NATURE LEGEND DEVELOPMENT SDN BHD, A WHOLLY- OWNED SUBSIDIARY OF MAH SING, OF THE ENTIRE EQUITY INTEREST IN CORDOVA LAND SDN BHD, WHICH
More informationAxis-REIT proposes to dispose of Axis Eureka for a total lump sum cash consideration of RM56,132, to the Purchaser.
GENERAL ANNOUNCEMENT AXIS REAL ESTATE INVESTMENT TRUST ( AXIS-REIT OR FUND ) PROPOSED DISPOSAL BY AXIS-REIT OF A 4-STOREY PURPOSE-BUILT OFFICE BUILDING BUILT ON FREEHOLD LAND HELD UNDER GRN 207772/LOT
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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 informationFurther details on the Proposed Land Acquisition are set out in the ensuing sections.
ASDION BERHAD ( ASDION OR THE COMPANY ) - PROPOSED ACQUISITION OF A VACANT LAND HELD UNDER INDIVIDUAL TITLE GERAN NO. 3906 LOT NO. 22 IN THE PEKAN KEMASIK, DISTRICT OF KEMAMAN AND STATE OF TERENGGANU FOR
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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 informationPROPOSED DISPOSAL OF A PARCEL OF LAND ADJACENT TO SUNWAY CARNIVAL SHOPPING MALL LOCATED IN SEBERANG JAYA, PENANG ( PROPOSED DISPOSAL )
SUNWAY BERHAD ( SUNWAY ) PROPOSED DISPOSAL OF A PARCEL OF LAND ADJACENT TO SUNWAY CARNIVAL SHOPPING MALL LOCATED IN SEBERANG JAYA, PENANG ( PROPOSED DISPOSAL ) 1. INTRODUCTION The Board of Directors of
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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
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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 informationPROPOSED 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
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More informationFurther 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
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UTUSAN MELAYU (MALAYSIA) BERHAD ( UTUSAN OR COMPANY ) PROPOSED DISPOSAL 1. INTRODUCTION On behalf of the Board of Directors of Utusan ( Board ), AmInvestment Bank Berhad ( AmInvestment Bank ) wishes to
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OSK PROPERTY HOLDINGS BERHAD ("OSKP" OR "THE COMPANY") PROPOSED ACQUISITION BY POTENSI RAJAWALI SDN BHD, A WHOLLY OWNED SUBSIDIARY COMPANY OF OSKP, OF TWO PARCELS OF ADJOINING INDUSTRIAL LAND MEASURING
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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 informationHONG LEONG FINANCIAL GROUP BERHAD ("HLFG" OR THE "COMPANY")
HONG LEONG FINANCIAL GROUP BERHAD ("HLFG" OR THE "COMPANY") PROPOSED ACQUISITION BY HONG LEONG ASSURANCE BERHAD ( HLA ), AN INDIRECT 70% SUBSIDIARY OF HLFG, OF A PARCEL OF LAND (THE "LAND") TOGETHER WITH
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UOA DEVELOPMENT BHD ( UOA ) ACQUISITION OF FREEHOLD LAND IN KEPONG, KUALA LUMPUR MEASURING APPROXIMATELY 428,801.90 SQUARE FEET (9.8 ACRES) BY IDP INDUSTRIAL DEVELOPMENT SDN BHD, A WHOLLY OWNED SUBSIDIARY
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Public Release LBS BINA GROUP BERHAD (518482-H) DEVELOPMENT RIGHTS AGREEMENT BETWEEN MENTERI BESAR SELANGOR (PEMERBADANAN), WORLDWIDE PROPERTY MANAGEMENT SDN. BHD. AND KEMUDI EHSAN SDN BHD, A SUBSIDIARY
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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
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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
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KPJ HEALTHCARE BERHAD ( KPJ or COMPANY ) PROPOSED DISPOSAL OF A 5-STOREY CARPARK BLOCK TOGETHER WITH A HALF BASEMENT LEVEL AND AN OPEN ROOF LEVEL ( PROPERTY ) IN SHAH ALAM BY SELANGOR SPECIALIST HOSPITAL
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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 ),
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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
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More informationThe 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 informationThe salient terms of the Supplemental Agreement are as follows:
TITIJAYA LAND BERHAD ( TITIJAYA OR THE COMPANY ) PROPOSED ACQUISITION BY CITY MERIDIAN DEVELOPMENT SDN BHD ( CMD OR PURCHASER ), A WHOLLY-OWNED SUBSIDIARY OF TITIJAYA, OF A PARCEL OF LEASEHOLD LAND HELD
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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
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ANNOUNCEMENT UNITED MALAYAN LAND BHD ( UMLand or the Company ) SHAREHOLDERS AGREEMENT BETWEEN SERI ALAM PROPERTIES SDN BHD (SERI ALAM), A WHOLLY OWNED SUBSIDIARY OF UMLAND, AND RAFFLES CAMPUS PTE LTD (RAFFLES)
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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
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APPENDIX I 1. INTRODUCTION Pursuant to Paragraph 10.06 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ( MMLR ), the Board of Directors of Kimlun ( the Board ) wishes to announce
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