S P SETIA BERHAD (19698-X) ("S P SETIA" or "THE COMPANY")
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1 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 FOR LOT 39 MUKIM BERANANG, DAERAH ULU LANGAT, NEGERI SELANGOR MEASURING 1,010.5 ACRES ( SAID LAND ) FROM BAN GUAN HIN REALTY SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM330,130, INTRODUCTION The Board of Directors of S P Setia ( Board ) wishes to announce that on 12 August 2011, Bukit Indah (Selangor) Sdn Bhd ( Bukit Indah or Purchaser ), a wholly-owned subsidiary of S P Setia, entered into a sale and purchase agreement ( SPA ) with Ban Guan Hin Realty Sdn Bhd ( Ban Guan Hin Realty or Vendor ) for the proposed purchase of a piece of freehold land held under Geran for Lot 39 Mukim Beranang, Daerah Ulu Langat, Negeri Selangor measuring 1,010.5 acres for a purchase consideration of RM330,130,350 ( Purchase Consideration ) or RM7.50 per square foot. ( Proposed Acquisition ) 2. INFORMATION ON BUKIT INDAH Bukit Indah is a private limited company incorporated in Malaysia under the Companies Act, 1965 on 23 July The present authorized share capital is RM100,000 comprising 100,000 ordinary shares of RM1.00 each of which 2 shares are issued and fully paid up. Bukit Indah is presently dormant. 3. INFORMATION ON BAN GUAN HIN REALTY Ban Guan Hin Realty is a private limited company incorporated in Malaysia under the Companies Act, 1965 on 26 September The present authorized share capital is RM20,000,000 comprising 20,000,000 ordinary shares of RM1.00 each of which 1,070,000 shares are issued and fully paid up. Ban Guan Hin Realty s principal activities involve the working of an estate, producing and selling of rubber and oil palm fresh fruit bunch. 4. INFORMATION ON THE SAID LAND The Said Land is held under Geran for Lot 39 Mukim Beranang, District of Ulu Langat, Negeri Selangor measuring 1,010.5 acres in total. The terrain of the Said Land is generally undulating and is zoned for mixed housing development.
2 The Said Land is situated midway between the towns of Semenyih, Bangi Old Town and Beranang. It is approximately 5 kilometres south of Semenyih; 7 kilometres east of Bangi Old Town; and 2 kilometres north-west of Beranang. The Said Land is also located approximately 12 kilometres south of Kajang town and 25 kilometres south of Kuala Lumpur City Centre. The travel time to Kuala Lumpur City Centre from the Said Land via Jalan Semenyih, which connects onto the Kajang SILK Highway and further onto the North-South Highway and Kuala Lumpur-Seremban Highway is approximately 40 minutes. The Said Land is approximately 15 minutes from the proposed Bandar Kajang MRT Station on the Sungai Buloh-Kajang Line. Please refer to the attached map for location details of the Said Land. 5. DETAILS OF THE PROPOSED ACQUISITION 5.1. Salient Terms of the Proposed Acquisition Basis of Consideration The Purchase Consideration of RM330,130,350 was calculated at the rate of RM7.50 per square foot, free from Encumbrances, as defined in the SPA, with vacant possession. The Purchase Consideration was arrived at on a willing-buyer willing-seller basis after taking into consideration the development potential of the Said Land. Given the Group s knowledge of the market value of properties around the area, no valuation was carried out on the Said Land. S P Setia is unable to disclose the net book value of the Said Land as it is not privy to such information Conditions Precedent and Estimated Time Frame for Completion The Proposed Acquisition is conditional upon the fulfillment of, inter alia, the approval of the Estate Land Board being obtained by the parties for the sale and transfer of the Said Land to the Purchaser within four (4) months from the date of the SPA or such further period as may be mutually agreed in writing between the parties. The SPA shall become unconditional on the date on which the last of the conditions precedent has been fulfilled ( Unconditional Date ) Payment of Purchase Consideration and Time Frame for Completion The Purchase Consideration will be satisfied wholly in cash by the Purchaser from internal funds and/or external borrowings in the following manner:- (i) deposit amounting to RM33,013,035 representing 10% of the Purchase Consideration upon the execution of the SPA; and
3 (ii) the balance of the Purchase Consideration of RM297,117,315 representing 90% of the Purchase Consideration is payable within three (3) months from the Unconditional Date Liabilities to be Assumed There are no liabilities including contingent liabilities and guarantees to be assumed by S P Setia arising from the Proposed Acquisition Completion of the Proposed Acquisition Barring unforeseen circumstances the Proposed Acquisition is expected to be completed during the first half of financial year ending 31 October ECONOMIC OUTLOOK AND PROSPECTS The Malaysian economy registered a growth of 4.6% in the first quarter of The expansion in domestic demand was supported by higher private sector spending while external demand also recorded a stronger growth during the quarter, mainly as a result of regional demand for commodities and non electrical and electronic products. On the supply side, all major economic sectors, with the exception of the primary commodity sector, continued to expand during the quarter, albeit at a more moderate pace. The sustained expansion in the first quarter underscores the steady pace of growth of the Malaysian economy, underpinned by the continued expansion of domestic demand amid improving external demand arising from higher commodity exports and stronger regional demand. Going forward, growth is expected to be sustained. Growth in private consumption will continue to be firm, given the favourable employment conditions and income growth, while private investment is expected to strengthen further amid an improving outlook for the domestic economy and the further expansion of new growth industries. Being a highly open economy however, the domestic economy may be affected by developments in the global environment. Nevertheless, Malaysia s strong economic fundamentals and policy flexibility have increased its resilience and improved its ability to manage these challenges. (Source: Economic and Financial Developments in the Malaysian Economy in the First Quarter of 2011 dated 18 May 2011, Bank Negara Malaysia) In light of these factors, the management of S P Setia is of the view that the prospects for property development activities in Malaysia remain positive and is not aware of any risks factors arising from the Proposed Acquisition other than the normal market and global economic risks. 7. RATIONALE FOR THE PROPOSED ACQUISITION S P Setia has long established a solid reputation for delivering quality homes within its projects. Its flagship Setia Alam township project in the Shah Alam-Klang corridor has seen the starting price for a standard 20 x70 double-storey terrace house more than
4 triple from RM218,000 to RM668,000 in just over 7 years. The significant price increase achieved in Setia Alam has been underpinned by the substantial investments and enhancements to the infrastructure, connectivity, amenities and overall livability of the township. The masterfully crafted transformation of what was a former oil-palm plantation in a secondary location into an outstanding township has allowed Setia Alam to offer a unique proposition of sustained value creation to its customers. This has enabled Setia Alam, which truly embodies the Group s LiveLearnWorkPlay development ethos, to attract owner-occupiers that previously resided in more central locations like Subang Jaya and Petaling Jaya. S P Setia intends to develop a mixed residential township development project on the Said Land with an estimated Gross Development Value of RM3.5 billion. The Proposed Acquisition offers S P Setia a good opportunity to tap into strong demand for attractively priced homes by first time owners and other home buyers in the Semenyih-Kajang corridor. The Proposed Acquisition also allows the Group to further reinforce and expand its core business by replicating its proven township development model in an emerging growth corridor that is not presently served by the Group s more matured projects in the Klang Valley. Whilst it is currently too preliminary to ascertain the exact product mix, total development cost, expected completion date or expected profits to be derived, Management is confident that the proposed development of the Said Land will be well received and is expected to contribute positively to the future earnings and cash flow of S P Setia. 8. EFFECTS OF THE PROPOSED ACQUISITION 8.1. Share Capital and Major Shareholders The Proposed Acquisition which will be satisfied entirely in cash will not have any effect on the share capital and major shareholders of S P Setia Earnings and Net Assets ("NA") The Proposed Acquisition is not expected to have any material effect on the S P Setia Group's earnings and NA for the financial year ending 31 October However, the Proposed Acquisition is expected to contribute positively to the future earnings and NA of S P Setia Gearing The Proposed Acquisition will not have a material effect on the gearing of S P Setia for the financial year ending 31 October PERCENTAGE RATIOS The highest percentage ratio applicable for the Proposed Acquisition, pursuant to Chapter 10 of the Main Market Listing Requirements of Bursa Securities is 11.10%.
5 10. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTEREST None of the Directors or Substantial Shareholders of S P Setia or persons connected to them has any interest, direct or indirect, in the Proposed Acquisition. 11. DIRECTORS STATEMENT The Board after having considered all aspects of the Proposed Acquisition is of the opinion that it is in the best interest of S P Setia. 12. APPROVALS REQUIRED The Proposed Acquisition is not subject to the approval of the shareholders of S P Setia but is subject to the relevant authority's approval as set under Section 5 herein. 13. DOCUMENT FOR INSPECTION A copy of the SPA may be inspected at the registered office of S P Setia at Plaza 138, Suite 18.03, 18th Floor, 138 Jalan Ampang, Kuala Lumpur during normal office hours on Mondays to Fridays (except public holidays) for a period of 3 months from the date of this announcement. This announcement is dated 12 August 2011.
6 LOCATION OF SAID LAND KUALA LUMPUR Jalan Semenyih 2 Kajang SILK Highway 3 North South Highway & Kuala Lumpur Seremban Highway 1 SUBJECT LAND SUBJECT LAND
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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
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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 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 informationANNOUNCEMENT 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(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 information1. 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 informationFurther details of the Proposed Acquisition are set out in the ensuing sections.
MAH SING GROUP BERHAD ( MAH SING OR COMPANY ) PROPOSED ACQUISITION BY TRISTAR ACRES SDN BHD, A WHOLLY OWNED SUBSIDIARY OF MAH SING, OF 8 PARCELS OF ADJACENT FREEHOLD LAND WITH TOTAL NET AREA MEASURING
More informationY&G CORPORATION BHD (6403-X) (Incorporated in Malaysia)
Y&G CORPORATION BHD (6403-X) (Incorporated in Malaysia) Subject : TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) Y&G CORPORATION BHD ( Y&G ) PROPOSED ACQUISITION OF TWO (2) ADJACENT PARCELS OF FREEHOLD
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 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
More information1. 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 informationMEDA 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 informationtogether 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 informationLION 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 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 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 informationLTRSB, 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 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 informationKPJ HEALTHCARE BERHAD ( KPJ OR THE COMPANY )
KPJ HEALTHCARE BERHAD ( KPJ OR THE COMPANY ) PROPOSED ACQUISITION BY KUMPULAN PERUBATAN (JOHOR) SDN BHD (COMPANY NO. 170968-A) ( KPJSB ), A WHOLLY-OWNED SUBSIDIARY OF KPJ, OF COMMERCIAL PARCEL(S) MEASURING
More informationRelated 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 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 information1. 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 informationFurther details on the Proposed Acquisition are set out in the following sections.
Submitting Merchant Bank : OSK INVESTMENT BANK BERHAD Company Name : MAGNA PRIMA BERHAD Stock Name : MAGNA Date Announced : 10/12/2009 MAGNA PRIMA BERHAD ( MPB OR THE COMPANY ) PROPOSED ACQUISITION OF
More informationDISPOSAL 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 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 informationAfter 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(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(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 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 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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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 information2. 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 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 information2.1.2 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 informationSDGB 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 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 informationAs 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
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Announcement Company Name : BOUSTEAD HOLDINGS BERHAD Stock Name : BSTEAD Date Announced : 6 NOVEMBER 2012 BOUSTEAD HOLDINGS BERHAD ( BHB OR COMPANY ) PROPOSED ACQUISITION OF THREE PIECES OF LAND TOTALLING
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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
More informationANNOUNCEMENT. Upon completion of the Proposed Acquisition, TTSB shall become a wholly-owned subsidiary of UMLand.
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
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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
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YONG TAI BERHAD ( YTB OR THE COMPANY ) SIGNING OF MEMORANDUMS OF UNDERSTANDING BY THE COMPANY WITH VARIOUS PARTIES 1. INTRODUCTION On behalf of the Board of Directors of YTB ( Board ), AmInvestment Bank
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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
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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
More informationInformation Property 1 Property 2. general purpose commercial building with small carparking area of its own which is currently vacant
PROPOSED ACQUISITION FOR 70% INTEREST OF THE TWO (2) UNITS OF DETACHED COMMERCIAL BUILDING BLOCKS BY ADVANCE SYNERGY REALTY SDN BHD ( ASR ), A WHOLLY-OWNED SUBSIDIARY OF ADVANCE SYNERGY BERHAD ( ASB OR
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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