KMRSB is a wholly owned subsidiary of Kimlun Land Sdn Bhd, which in turn is a wholly owned subsidiary of KIMLUN.
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- James Mosley
- 6 years ago
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1 APPENDIX I 1. INTRODUCTION Pursuant to Paragraph of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ( MMLR ), the Board of Directors of Kimlun ( the Board ) wishes to announce that on 20 December 2017, its indirect wholly owned subsidiary, Kii Morris Sdn Bhd ("KMRSB"), has entered into a sale and purchase agreement ( Agreement ) with Nusajaya Greens Sdn Bhd ( NGSB or Vendor ) to purchase all that freehold agriculture land held under HS (D) PTD , in the Mukim of Pulai, District of Johor Bahru, State of Johor with land area of approximately hectares ( Land ) from NGSB for a total cash purchase consideration of RM82,097, ( Purchase Consideration ). 2. INFORMATION ON KMRSB KMRSB was incorporated in Malaysia on 6 November 2017 under the Companies Act 2016 as a private limited company. The principal activities of KMRSB are investment holding, property investment and development. The issued share capital of KMRSB is RM1.00 comprising of 1 ordinary share. KMRSB is a wholly owned subsidiary of Kimlun Land Sdn Bhd, which in turn is a wholly owned subsidiary of KIMLUN. 3. INFORMATION ON NGSB NGSB, an indirect wholly owned subsidiary of UEM Sunrise Berhad ( W), was incorporated in Malaysia on 26 June 1995 under the Companies Act, 1965 as a private limited company. NGSB is principally engaged in property development, land trading and investment holding. The present issued share capital of NGSB is RM2,600, comprising 2,600,000 ordinary shares. 4. INFORMATION ON THE LAND The freehold Land is located along Jalan Kampung Lalang, off Lebuh Kota Iskandar, near Horizon Hill, Eco Botanic and Taman Nusa Sentral, within Iskandar Puteri, Johor Bahru, Johor. It is approximately 5 kilometers by road due north-west of Kota Iskandar. The Land is free from all encumbrances and is currently used for temporary workers quarters which are to be demolished by NGSB prior to the completion of the Proposed Acquisition. It is endorsed with the following expressed condition: i) Tanah ini hendaklah ditanam dengan tanaman Kelapa Sawit. ii) Pemilik tanah hendaklah sepanjang masa mengambil langkah-langkah menurut perintah yang dikehendaki oleh Pentadbir Tanah, menjaga tanah ini daripada hakisan The Land is zoned for commercial use.
2 5. DETAILS OF THE PROPOSED ACQUISITION 5.1 Salient Terms of Agreement (1) Economic Planning Unit s Approval (1.1) The Acquisition is conditional upon and subject to KMRSB obtaining the approval from the Economic Planning Unit of the Prime Minister s Department for the sale and transfer of the Land by NGSB to KMRSB ( EPU Approval ) within six (6) months from the date of the Agreement ( Approval Period ). (1.2) In the event the EPU Approval has yet to be obtained within the Approval Period, NGSB and KMRSB ( the Parties or Party ) agree to extend the Approval Period to a further period of three (3) months from the expiration of the Approval Period ( Extended Approval Period ). (1.3) In the event that the EPU Approval is granted subject to conditions ( Conditional Approval ) affecting or are unacceptable to the affected Party ( the Affected Party ) ( Unacceptable Conditions ), the Affected Party shall then appeal against the Unacceptable Conditions within 14 days from the date of receipt of notification of the Conditional Approval, failing which the conditions imposed shall be regarded to be acceptable to the Affected Party. (1.4) Where the appeal is not subsequently allowed or partially allowed, the Affected Party shall have the option to elect to: accept the Unacceptable Conditions imposed as modified (if at all) and in such event the Conditional Approval in respect of which such Unacceptable Conditions are imposed shall be deemed to have been obtained; or reject the Unacceptable Conditions imposed as modified (if at all) and in such event the Conditional Approval in respect of which the Unacceptable Conditions are imposed shall be deemed not to have been obtained. (1.5) If: (a) (b) (c) the EPU s Approval is rejected or not obtained by the expiry of the Extended Approval Period; the outcome of the appeal by the Affected Party against Unacceptable Conditions is not obtained by the expiry of the Extended Approval Period; or after the appeal, the Affected Party rejects the Unacceptable Conditions under Section 5.1(1) above, the Vendor or KMRSB shall be at absolute liberty to terminate the Agreement in which case the Deposit Sum (as defined in Section 5.1(2) below) shall be refunded by the Vendor to KMRSB.
3 (1.6) The date on which: (a) (b) (c) (d) the Vendor s Solicitors are in receipt of a copy of the EPU Approval granted without any conditions; the Vendor s Solicitors are in receipt of a copy of the Conditional Approval granted with conditions acceptable to the Vendor and KMRSB; the Vendor s Solicitors or KMRSB s Solicitors are in receipt of the notification that the Unacceptable Conditions have been fully waived upon the appeal lodged by the Affected Party; or the Vendor s Solicitors or KMRSB s Solicitors are in receipt of the notification that the Unacceptable Conditions (whether modified, partially modified or otherwise) have been accepted by the Affected Party; as the case may be, shall hereinafter be referred to as the Approval Date. (2) Payment of Purchase Consideration The Purchase Consideration will be satisfied in the following manner:- 10% of the Purchase Consideration (RM8,209,742.13) shall be paid to the Vendor upon the execution of the Agreement ( Deposit Sum ); 90% of the Purchase Consideration (RM73,887,679.12) ( Balance Purchase Price ) shall be payable to the Vendor within ninety (90) days from the Approval Date ( Completion Date ) with an automatic extension of thirty (30) days from the expiry of the Completion Period subject to KMRSB paying late payment interest on the unpaid balance calculated on a daily basis on the Balance Purchase Price at the rate of eight per centum (8%) per annum. 5.2 Basis of Arriving at and Justification for the Purchase Consideration The Purchase Consideration of the Land was arrived at after taking into consideration various factors as follows:- (iii) The market value of the Land of RM83,000, ( Market Value ) as appraised by Messrs. Henry Butcher Malaysia (Pontian) Sdn Bhd, the independent registered valuer appointed by KMRSB, using the comparison method of valuation as per its valuation certificate dated 14 December 2017; The strategic location of the Land; and The Land will be purchased free from all encumbrances and with vacant possession. 5.3 Source of Funds The Purchase Consideration will be satisfied wholly in cash from internally generated funds and/or external borrowings, breakdown of which is not finalised at this juncture.
4 5.4 Liabilities to be Assumed There are no liabilities, including contingent liabilities and guarantees to be assumed by KIMLUN and its subsidiaries ( Group ) arising from the Proposed Acquisition. 5.5 Estimated Time Frame for Completion Barring unforeseen circumstances, the Proposed Acquisition is expected to be completed in the fourth quarter of year Net Book Value ( NBV ) KIMLUN Group is unable to disclose the latest audited NBV of the Land as it is not privy to such information. 6. RATIONALE AND BENEFIT FOR THE PROPOSED ACQUISITION The Proposed Acquisition provides an opportunity for the Group to increase the size of its land bank in strategic location in order to enhance its future revenue and earnings. KMRSB plans to apply to the Johor State Authority ( State Authority ) for the conversion of land use of the Land from agriculture to commercial ( Conversion Application ) within one (1) year after the completion of the Proposed Acquisition. The Board estimates that the processing timeframe of our conversion application by the State Authority will be approximately six (6) months from the date of application. KMRSB plans to build commercial properties on the Land for sale. Development application will be submitted to the relevant authorities for approval after the approval from the State Authority on the Conversion Application being obtained and finalisation of the development planning. The source of funds to finance the development is likely to be from internally generated funds and bank borrowings. As the development potential has yet to be detailed or finalised at this preliminary stage, the total development revenue/cost, expected commencement and completion date or expected profits to be derived cannot be readily ascertained. Given the strategic location of the Land as described in Section 4 above, the management is confident that the commercial development to be carried out on the Land will be well received by the general public. 7. ECONOMIC OUTLOOK AND PROSPECTS The Malaysian economy recorded a sterling growth of 5.7% during the first six (6) months of 2017 underpinned by strong domestic demand and reinforced by improved external sector. Given the robust economic growth during the first half, real gross domestic product ( GDP ) for the year is expected to strengthen further between 5.2% and 5.7% (2016: 4.2%), surpassing the earlier estimates. Accordingly, gross national income (GNI) at current prices is estimated to expand 9.1% to RM1.3 trillion (2016: 6.2%; RM1.2 trillion), with income per capita increasing 7.7% to RM40,713 (2016: 4.7%; RM37,791).
5 The real estate segment expanded 4.9% (January June 2016: 4.6%). Growth was partly due to strong performance in the construction sector, incentives and rebates offered by developers, increase in civil servants housing loan eligibility and flexibility in purchasing homes under 1Malaysia Civil Servants Housing (PPA1M) scheme. For the whole year, the subsector is anticipated to increase 7.2% (2016: 6.9%). Prospect for 2018 The Malaysian economy is projected to continue its strong growth momentum with real GDP expanding between 5% and 5.5% in 2018 (2017: 5.2% to 5.7%). Growth will be mainly driven by resilient domestic demand amid favourable external sector. Given the robust economic development, GNI per capita is estimated to increase 5.1% to RM42,777 (2017: 7.7%; RM40,713) (Source: Economic Report ) In light of these factors, the Board is of the view that the prospects for property development activities in Malaysia will remain positive. 8. RISK FACTORS The Board is not aware of any risk factors arising from the Proposed Acquisition other than the following: There is no assurance that the approval from the relevant authority will be granted on KMRSB s proposed development or such approval being granted on conditions which are capable of compliance by KMRSB. Normal market and global economic risks. 9. EFFECTS OF THE PROPOSED ACQUISITION 9.1 Share Capital and Substantial Shareholders The Proposed Acquisition which will be satisfied entirely in cash will not have any effect on the share capital and substantial shareholders shareholding of the Company. 9.2 Earnings and Net Assets ("NA") The Proposed Acquisition is not expected to have any material effect on KIMLUN Group's earnings and Net Assets ( NA ) for the financial year ending 31 December However, the Proposed Acquisition is expected to contribute positively to the future earnings and NA of KIMLUN Group.
6 9.3 Gearing The Purchase Consideration is expected to be satisfied by internally generated funds and/or bank borrowings. The exact mix of internally generated funds and bank borrowings has not been finalised at this juncture. However, for the purpose of this announcement and for illustrative purposes, based on the audited total equity of KIMLUN Group as at 31 December 2016 and the assumption that RM50 million, representing approximately 60% of the Purchase Consideration are financed through external borrowings to be procured by KIMLUN Group for the Proposed Acquisition, the gearing ratio of KIMLUN Group is expected to increase by 0.09 times. 10. PERCENTAGE RATIOS The highest percentage ratio applicable to the Proposed Acquisition is 15.22% pursuant to Paragraph 10.02(g) of the MMLR calculated based on the audited consolidated financial statements of KIMLUN for the financial year ended 31 December INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED TO THEM None of the directors, major shareholders of KIMLUN and/or persons connected to them has any interest, direct or indirect, in the Proposed Acquisition. 12. DIRECTORS STATEMENT The Board, after having considered the Proposed Acquisition, is of the opinion that the Proposed Acquisition is in the best interest of the KIMLUN Group. 13. APPROVALS REQUIRED The Acquisition is not subject to the approval of the shareholders of the Company. However, the Proposed Acquisition is subject to the EPU Approval. The Company is expected to submit the application to obtain the EPU Approval within two (2) months from the date of the Agreement. 14. DOCUMENT FOR INSPECTION Copies of the Agreement and Valuation Certificate are available for inspection by members of the Company at the registered office of the Company at Unit 30-01, Level 30, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, Kuala Lumpur during business hours from Mondays to Fridays (except Public Holidays) for a period of 3 months from the date of this announcement. This announcement is dated 20 December 2017.
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ANNOUNCEMENT UNITED MALAYAN LAND BHD ( UMLand or the Company ) PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN TENTU TEGUH SDN BHS (TTSB) AND FREEHOLD LAND MEASURING APPROXIMATELY 332.68 ACRES IN
More informationLION 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(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 informationThe 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 informationPARKSON HOLDINGS BERHAD ( PARKSON HOLDINGS or the COMPANY )
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
More informationPostal 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 informationGeneral Announcement Reference No. GA APPENDIX 1
APPENDIX 1 CAB CAKARAN CORPORATION BERHAD ACQUISITION OF PROPERTY BY HOME MART FRESH & FROZEN SDN. BHD. (FORMERLY KNOWN AS CAB FOOD SDN. BHD.), A WHOLLY-OWNED SUB- SUBSIDIARY OF CAKARAN CORPORATION BERHAD
More information: 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 informationDescriptions 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 informationOSK PROPERTY HOLDINGS BERHAD ("OSKP" OR "THE COMPANY")
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
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 informationTEK currently has the following subsidiaries:-
BOILERMECH HOLDINGS BERHAD Proposed Acquisition by Boilermech Holdings Berhad of 698,287 ordinary shares of RM1.00 each representing 60.23% of the issued and paid-up share capital of Teknologi Enviro-Kimia
More informationSTAR 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 informationTRANSACTIONS (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 information1.0 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 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 informationTRANSACTIONS (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 informationNSSB was incorporated in Malaysia on 22 November 2006 and its principal activity is operating of a retail mall and property management.
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
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
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
More informationFOCUS 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 informationANNOUNCEMENT 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 informationANNOUNCEMENT 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 informationAJINOMOTO (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 informationDatuk Bandar and Cordova are collectively referred to as Parties and individually as Party.
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 informationTRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Type: Subject: Description: Announcement TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS KEY ALLIANCE GROUP BERHAD ( KAG or the Company ) PROPOSED ACQUISITION OF ENTIRE
More informationLim 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 informationThe details of the four parcels of land ( the Property ), the vendors and the Purchase Prices are set out in Appendix A.
HUA YANG BERHAD ( HUAYANG or the Company ) -Proposed acquisition of Freehold Land in the State of Johor by subsidiary, Grandeur Park Sdn Bhd 1. INTRODUCTION The Board of Directors of HUAYANG wishes to
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
More information1.0 Introduction. The SHA and DRA are hereinafter referred to as the Proposals. 2.0 Information on HSLD, TTDI KL and GSSB 2.1 HSLD
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
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 informationLAND & 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 informationFurther details of the Proposed Acquisition are set out in the following sections: Approximately 7.2 acres. lots
HUA YANG BERHAD ( HYB or the Company ) -Proposed acquisition of land by Agro-Mod Industries Sdn Bhd 1. INTRODUCTION The Board of Directors of HYB wishes to announce that the wholly-owned subsidiary of
More informationSALE AND PURCHASE AGREEMENT BETWEEN SERI ALAM AND RCSA FOR THE ACQUISITION BY RCSA OF A PARCEL OF FREEHOLD LAND MEASURING 19
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)
More informationThe 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 information2. DETAILS OF THE ACQUISITION OF NEW SUBSIDIARY
DESTINI BERHAD ("DESTINI" or "THE COMPANY") - SHARE PURCHASE AND SUBSCRIPTION AGREEMENT 1. INTRODUCTION The Board of Directors of Destini Berhad ( Destini or the Company ) wishes to announce that the Company
More informationUTUSAN MELAYU (MALAYSIA) BERHAD ( UTUSAN OR COMPANY ) PROPOSED DISPOSAL 1. INTRODUCTION
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
More informationPROPOSED 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 informationTROPICANA 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 informationDutaLand 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 informationINDUSTRONICS 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 informationGeneral 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 informationGLOBAL 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 informationsubject 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 informationINDUSTRONICS 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 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
More informationYONGNAM HOLDINGS LIMITED
YONGNAM HOLDINGS LIMITED (the Company ) (Company Registration No. 199407612N) (Incorporated in the Republic of Singapore on 19 October 1994) SALE AND PURCHASE AGREEMENT ENTERED INTO WITH VEE SEN PROPERTY
More informationUpon completion of the Proposed Acquisition, SPSB will become a wholly-owned subsidiary of Digistar.
DIGISTAR CORPORATION BERHAD ( DIGISTAR or the Company ) - PROPOSED ACQUISITION OF THE REMAINING 40% EQUITY INTEREST IN SENI PUJAAN SDN BHD ( SPSB ) FOR A PURCHASE CONSIDERATION OF RM13.00 MILLION 1. INTRODUCTION
More informationThe 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 informationANNOUNCEMENT TO BURSA MALAYSIA KPJ HEALTHCARE BERHAD ( KPJ OR COMPANY )
ANNOUNCEMENT TO BURSA MALAYSIA KPJ HEALTHCARE BERHAD ( KPJ OR COMPANY ) PROPOSED ACQUISITION BY KUMPULAN PERUBATAN (JOHOR) SDN BHD ( KPJSB ), A WHOLLY-OWNED SUBSIDIARY OF KPJ, OF ONE HUNDRED PERCENT (100%)
More informationBased 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 information2. Information on Tanco, Palm Springs Development Sdn Bhd and ouvelle Hotel Sdn Bhd
A OU CEME T TA CO HOLDI GS BERHAD ( TA CO or COMPA Y ) PROPOSED DISPOSAL OF TWE TY FOUR (24) PIECES OF FREEHOLD A D VACA T LA D IDE TIFIED AS HS(D) 13108-13131 LOT 2795-2818, MUKIM PASIR PA JA G, PORT
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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 )
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