MALAYSIAN RESOURCES CORPORATION BERHAD ( MRCB OR COMPANY
|
|
- Marian Phelps
- 5 years ago
- Views:
Transcription
1 MALAYSIAN RESOURCES CORPORATION BERHAD ( MRCB OR COMPANY ) - PROPOSED ACQUISITION BY MRCB LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MRCB OF 1,000,000 ORDINARY SHARES OF RM1.00 EACH IN NILAITERA SDN BHD ( NILAITERA SHARES ), REPRESENTING 100% EQUITY INTEREST IN NILAITERA SDN BHD FROM NUSA GAPURNA DEVELOPMENT SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM24,780,100 ( PROPOSED ACQUISITION ) 1. INTRODUCTION The Board of Directors of MRCB ( Board ) wishes to announce that MRCB Land Sdn Bhd ( MRCB Land ), a wholly-owned subsidiary of MRCB, has today, entered into a Share Sale Agreement ( SSA ) with Nusa Gapurna Development Sdn Bhd ( NGD ) for the proposed acquisition of 1,000,000 ordinary shares of RM1.00 each, representing 100% equity interest in Nilaitera Sdn Bhd ( Nilaitera ) for a total cash consideration of RM24,780,100 ( Purchase Consideration ). MRCB also entered into a Supplemental Agreement with NGD ( Supplemental Agreement ) to vary the terms of the Right of First Refusal and Call Option Agreement dated 8 February 2013 ( ROFR Call Option Agreement ), whereby NGD had agreed to remove all reference to Nilaitera as part of the Option Assets as defined in the ROFR Call Option Agreement, hence the rights granted and the conditions imposed under the ROFR Call Option Agreement shall exclude Nilaitera. 2. DETAILS OF THE PROPOSED ACQUISITION 2.1 Information on Nilaitera Nilaitera was incorporated in Malaysia under the Companies Act, 1965 ( Act ) on 4 May 2012 as a private limited company. Nilaitera has an authorised share capital of RM5,000,000 divided into 4,000,000 ordinary shares of RM1.00 each and 1,000,000 redeemable preference shares of RM1.00 each, of which 1,000,000 ordinary shares of RM1.00 each have been issued and fully paid-up. Nilaitera is principally engaged in the business of acquiring, dealing and trading in leases, landed immovable or real property of all descriptions and tenure, whether freehold, leasehold or howsoever, any rights and interest therein, applying for, accept and receive, purchase, sell, surrender and deal in any licenses for petrol stations, titles and grants to land. The directors of Nilaitera are Tan Sri Saw Choo Boon, Tan Sri Dato Kamaruzzaman Shariff and Nasleena Mohamad Sharrif. Nilaitera is a wholly-owned subsidiary of NGD. On 29 January 2016, Nilaitera entered into a Privatisation Agreement with the Government of Malaysia, through the Ministry of Communication and Multimedia ( GOM ) and Syarikat Tanah Dan Harta Sdn Bhd ( Hartanah ) ( Privatisation Agreement ) in relation to, inter alia, the privatisation of the construction of the new headquarters office for Perbadanan Kemajuan Filem Nasional Malaysia ( FINAS ) on a piece of land measuring approximately 32,392 square metres in Sungai Buloh ( Project Land ) in exchange for the transfer of the land measuring approximately 7.8 acres ( Project Land ) which is currently occupied by FINAS, together with a part cash consideration. 1
2 2.2 Information on NGD NGD was incorporated in Malaysia under the Act on 10 December 2001 as a private limited company. NGD has an authorised share capital of RM505,000,000 divided into 500,000,000 ordinary shares of RM1.00 each and 5,000,000 redeemable preference shares of RM1.00 each, of which 1,092,203 ordinary shares of RM1.00 each and 500,000 redeemable preference shares of RM1.00 each have been issued and fully paid-up. NGD is principally engaged in the business of property and investment holding. The directors of NGD are Tan Sri Saw Choo Boon,, Nasleena Mohamad Sharrif, Mohd Imran Tan Sri Mohamad Salim, Dato Ishak Hj Mohamed (alternate to Mohd Imran Tan Sri Mohamad Salim) and Tan Sri Dato Kamaruzzaman Shariff (alternate to Tan Sri Saw Choo Boon). The shareholders of NGD are Gapurna Sdn Bhd ( Gapurna ) and the Employees Provident Fund Board ( EPF ), holding 60% and 40% equity interest in NGD respectively. 2.3 Purchase Consideration The Purchase Consideration was arrived at based on the following: (b) (c) (d) adjusted net assets of Nilaitera based on the unaudited financial statements of Nilaitera as at 31 August 2016 of RM780,100; market value of the Project Land of RM194,000,000; less estimated cost to complete the project of RM170,000,000; the strategic location and development potential of the Project Land; and the earnings potential of the Project Land. MRCB Land had appointed Raine & Horne International Zaki + Partners Sdn. Bhd. ( R&H ) and IM Global Property Consultants Sdn Bhd ( IM Global ), as the independent registered valuers to appraise the market value of the Project Land. The details of the Project Land are set out below: Land Title PN 6483, Lot 2, Seksyen 27, Bandar Petaling Jaya, District of Petaling, State of Selangor Land area Approximately 7.8 acres Category of land use Building Location Fronting onto Jalan Utara, Petaling Jaya Existing use / Proposed use FINAS office (1) / Mixed development Express condition / Encumbrances / Nil Restriction in interest Registered owner FLC Tenure 99-year leasehold expiring 25 May 2070 Valuer R&H IM Global Valuation date 16 May May 2016 Valuation (1) RM194,000,000 RM197,000,000 Method of valuation Comparison method Comparison method Development potential Mixed development comprising commercial and residential properties Notes: (1) Located on the Project Land is the FINAS office which is not intended to form part of the development and was disregarded in arriving at the valuation of the land. 2
3 The Purchase Consideration shall be satisfied by MRCB Land in cash in the following manner: (b) a sum of RM2,478,010, equivalent to 10% of the Purchase Consideration shall be paid upon signing of the SSA; and a sum of RM22,302,090 ( Balance Consideration ), shall be paid by MRCB Land to NGD on or before the business day falling 6 months from the Completion Date (being the business day falling 14 days after the Unconditional Date (as defined herein)), or such other date as may be mutually agreed upon between the parties. The Purchase Consideration to be paid by MRCB Land to NGD shall be adjusted in accordance with the provisions for completion adjustment under the SSA. 2.4 Liabilities to be assumed Save for the liabilities incurred under the ordinary course of business of Nilaitera, there is no liability, including any contingent liability and guarantee, to be assumed by MRCB Land arising from the Proposed Acquisition. 2.5 Source of funding The Purchase Consideration will be funded via internally generated funds, bank borrowings and/or the issuance of debt, the manner and breakdown of which have not been determined at this juncture. 2.6 Salient terms of the SSA The Proposed Acquisition is conditional upon the following conditions precedent being fulfilled or waived within 14 days from the date of the SSA or such later date as may be agreed upon by MRCB Land and NGD ( Cut-Off Date ): (b) (c) (d) MRCB Land having received a confirmation letter from NGD confirming inter alia that as at the Unconditional Date (as defined below), there being no breach on the part of Nilaitera of the terms of the Privatisation Agreement and NGD having obtained at its own cost and expense the approval or consent of the Government of Malaysia (through the Public Private Partnership Unit of the Prime Minister s Department) for the sale and transfer of the Sale Shares in favour of MRCB Land; NGD having obtained at its own cost and expense the approval or consent of any other party which has entered into any subsisting arrangement, contract (including agency/distribution agreement) or undertaking or guarantee with or involving Nilaitera (if any), where required, in each case to the extent that at the Completion Date the same remain to be completed or performed or remain in force; MRCB Land confirming in writing its satisfaction with the results of the due diligence exercise conducted on Nilaitera and on the matters set out in NGD s disclosure letter in accordance with the provisions of the SSA; and the execution of the Supplemental Agreement. The SSA shall become unconditional on the date when all the abovementioned conditions precedent have been fulfilled or deemed fulfilled or waived, as the case may be ( Unconditional Date ). 3
4 3. RATIONALE FOR THE PROPOSED ACQUISITION AND PROSPECTS OF THE PROJECT LAND The Proposed Acquisition provides an opportunity for MRCB and its group of companies ( Group or MRCB Group ) to acquire prime land in the heart of Petaling Jaya vide the Privatisation Agreement. The Project Land is fronting Jalan Utara, Petaling Jaya and off the northern side of Federal Highway, an expressway linking Petaling Jaya with Kuala Lumpur city centre, Shah Alam and Klang. The Project Land is also located near to MRCB s current development in Petaling Jaya, i.e. PJ Sentral Development. The value of the future development at the Project Land may be further enhanced when the PJ Sentral Development is completed. The Proposed Acquisition is expected to contribute positively to the earnings and cash flows of the MRCB Group in the future. 4. RISK FACTORS The risk factors associated with the Proposed Acquisition are as follows: 4.1 Non-completion of the Proposed Acquisition There is a possibility that the SSA may not be completed due to the failure in fulfilling the conditions precedent as set out in the SSA within the stipulated timeframe. Nevertheless, the Board will take reasonable steps to ensure that every effort is made to complete the Proposed Acquisition in a timely manner. 4.2 Interest rate risk The Group will fund the Balance Consideration for the Proposed Acquisition via internally generated funds, bank borrowings and/or the issuance of debt instruments. In addition, the Group may also take up additional bank borrowings to fund the future development activities of the Project Land. In the event any bank borrowings is taken to finance the Balance Consideration and/or future development activities of the Project Land, the Group may be exposed to a fluctuation in interest rates which could affect the interest charges incurred on the borrowings and adversely affect the Group s future financial performance. In order to mitigate such risks, the Group has been and will continue to review its debt portfolio and interest servicing costs, as well as cash flows to ensure that it achieves an optimal capital structure and is not exposed to undue financial risk. 4.3 Risks inherent in property development As the Group is currently involved in property development activities, the Group is already exposed to risks inherent in the property development sector which include, amongst others:- Business risk The future development of the Project Land will expose our Group to the inherent risks in the property development sector which include, amongst others, timely commencement and/or completion of projects, availability of labour and building materials and fluctuations in the prices of building materials. Notwithstanding the above, the Board is confident that these business risks can be mitigated through efficient project management and close monitoring of work progress in order to ensure timely completion of the project. 4
5 (b) Competition risk The Group faces competition from various property developers. The local property industry has seen intense competition among property developers for strategically located and reasonably priced land banks, and for labour as well as building materials. There is also strong competition in respect of selling prices and types of properties. To mitigate this risk, the Group will continue to take measures such as undertaking market intelligence surveys and continuously assessing and innovating its development and marketing strategies. (c) Delay in commencement and completion of projects The property development projects are subject to various approvals from the district and state land offices, including the planning authorities and local councils. Any prolonged delay in the completion of the projects could materially and adversely affect its businesses, financial condition, results of operations and prospects. To mitigate this risk, the Group will continue to monitor the work schedules of the development projects closely and proactively liaise with the relevant authorities or parties. (d) Compulsory acquisition In the event of any compulsory acquisition of lands held by the Group, the Group will seek to minimise any potential losses from such situations by invoking the relevant provisions in the Land Acquisition Act, 1960 in relation to its rights to submit an objection in respect of the compensation, where necessary. 5 FINANCIAL EFFECTS The financial effects of the Proposed Acquisition are set out below: 5.1 Share capital and substantial shareholders shareholdings The Proposed Acquisition will not have any effect on the issued and paid-up share capital and the shareholding of the substantial shareholders of the Company as it does not involve the issuance of new ordinary shares of RM1.00 each in MRCB ( MRCB Shares or Shares ). 5.2 Net assets ( NA ) per Share and gearing The Proposed Acquisition will not have any material effect on the NA per share and gearing of MRCB Group for the financial year ending ( FYE ) 31 December Earnings and Earnings per Share ( EPS ) The Proposed Acquisition is not expected to have any effect on the EPS of MRCB Group for the FYE 31 December 2016 as the Proposed Acquisition is only expected to be completed in December The actual effects of the Proposed Acquisition on the earnings and consequently EPS of the MRCB Group for the subsequent financial years will depend on, amongst others, the actual mode of financing for the Balance Consideration, the earnings contribution from the development of the Project Land and prevailing interest rates. 5
6 6. APPROVALS REQUIRED The Proposed Acquisition is not subject to the regulatory approval of any government authority or the approval of the shareholders of MRCB. The Proposed Acquisition is not conditional upon any other corporate proposals undertaken or to be undertaken by MRCB. 7. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED TO THEM Save as disclosed below, none of the directors and/or major shareholders of MRCB or any persons connected to them have any interest, direct or indirect, in the Proposed Acquisition. 7.1 Interested Major Shareholders Nilaitera is a wholly-owned subsidiary of NGD. The substantial shareholders of NGD are EPF and Gapurna with shareholdings of 40% and 60% respectively in NGD. Both Gapurna and EPF are also the major shareholders of MRCB ( Interested Major Shareholders ). 7.2 Interested Directors Tan Sri Azlan Zainol, Datuk Shahril Ridza Ridzuan and Rohaya Mohammad Yusof are representatives of EPF on MRCB s Board. Tan Sri Mohamad Salim is the Group Managing Director of MRCB and also a director and substantial shareholder of Gapurna. Mohd Imran Tan Sri Mohamad Salim, who is the son of Tan Sri Mohamad Salim, is the Executive Director of MRCB and a director of NGD. Accordingly, Tan Sri Azlan Zainol, Datuk Shahril Ridza Ridzuan, Rohaya Mohammad Yusof, Tan Sri Mohamad Salim and Mohd Imran Tan Sri Mohamad Salim (collectively, the Interested Directors ) have abstained and will continue to abstain from all deliberations and voting at the Board meetings of MRCB in relation to the Proposed Acquisition. The direct and indirect shareholdings of the Interested Major Shareholders and Interested Directors in the Company are as follows: Direct Indirect No. of MRCB Shares % No. of MRCB Shares % EPF 728,927, Gapurna 364,545, Tan Sri Azlan Zainol 120,000 * 30,000 (1) * Tan Sri Mohamad Salim ,545,752 (2) 17.0 Datuk Shahril Ridza Ridzuan 500,000 * - - Rohaya Mohammad Yusof Mohd Imran Tan Sri Mohamad Salim Notes: * Negligible (1) Deemed interested by virtue of his interest in Edenview Projects Sdn Bhd pursuant to Section 6A of the Act. (2) Deemed interested by virtue of his substantial shareholding in Gapurna. 6
7 8. PERCENTAGE RATIO The highest percentage ratio for the Proposed Acquisition pursuant to paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ( Bursa Securities ) is 1.1%, computed based on the consideration against the net asset of MRCB as at 31 December TRANSACTIONS WITH RELATED PARTY FOR THE PRECEDING 12 MONTHS Save as disclosed below, there was no other transaction entered into with the same related party, and/or person connected to them for the preceding 12 months: (b) the proposed acquisition by Gapurna Land Sdn Bhd, a wholly-owned subsidiary of MRCB, of two (2) adjoining parcels of land from Kejora Kinta Sdn Bhd for a total consideration of RM6.9 million, announced to Bursa Securities on 28 April 2016; and Project Delivery Partner Agreement between MRCB Builders Sdn Bhd ( MRCB Builders ), a wholly-owned subsidiary of MRCB and Kwasa Land Sdn Bhd, a whollyowned subsidiary of EPF for the appointment of MRCB Builders as a PDP in connection with the construction and completion of common infrastructure for the Majlis Bandaraya Petaling Jaya area at the Proposed Kwasa Damansara Township for a provisional fee of RM million, announced to Bursa Securities on 26 May 2016 and approved by the shareholders of MRCB at the Extraordinary General Meeting held on 30 November DIRECTORS STATEMENT Save for the Interested Directors, the Board, after having considered all aspects of the Proposed Acquisition and after careful deliberation, is of the opinion that the Proposed Acquisition is in the best interest of the MRCB Group. The view of the Board (save for the Interested Directors) was arrived at after having considered, inter-alia, the salient terms of the SSA, the basis and justification for the Purchase Consideration, the rationale for the Proposed Acquisition, prospects of the Project Land and the effects of the Proposed Acquisition on the MRCB Group. 11. AUDIT COMMITTEE S STATEMENT The Audit Committee (save for Rohaya Mohammad Yusof, being an Interested Director) is of the view that the Proposed Acquisition is in the best interest of the Company, is fair, reasonable and on normal commercial terms, and not detrimental to the interest of the noninterested shareholders of the Company. In forming its view, the Audit Committee has taken into consideration, amongst others, the salient terms of the SSA, the basis and justification for the Purchase Consideration, the rationale for the Proposed Acquisition, prospects of the Project Land and the effects of the Proposed Acquisition on MRCB Group. 12. ESTIMATED TIMEFRAME FOR COMPLETION Barring any unforeseen circumstances, the Proposed Acquisition is expected to be completed before 31 December
8 13. DOCUMENTS FOR INSPECTION The SSA, the Supplemental Agreement and valuation reports are available for inspection at the registered office of MRCB at Level 33A, Menara NU 2, No. 203, Jalan Tun Sambanthan, Kuala Lumpur Sentral, 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 9 December
NSSB 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 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 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 informationThe 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 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 informationACQUISITION 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 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 informationCHEMICAL 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 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 informationPROPOSED 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 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 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 informationS 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 informationKPJ HEALTHCARE BERHAD ( KPJ or COMPANY )
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 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 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-,
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 informationAs 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 informationThe Property is located within Excellent Technology Park III, a light industrial development in Daerah Klang, Selangor Darul Ehsan.
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
More informationOSK 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 informationFurther details of the Proposed Disposal are set out in the ensuing sections.
ZECON BERHAD ( ZECON OR COMPANY ) PROPOSED DISPOSAL OF 49% EQUITY INTEREST IN ZECON MEDICARE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ZECON, TO THE GOVERNMENT OF SARAWAK THROUGH ITS STATE FINANCIAL SECRETARY
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 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
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 informationCREST 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 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 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 informationPROPOSED 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 informationGLOBAL 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 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 WHOLLY-OWNED SUBSIDIARY, NUSVISTA DEVELOPMENT
More informationY&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 informationOSK HOLDINGS BERHAD ("OSK" OR "THE COMPANY")
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 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 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 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 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 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 informationDISPOSAL 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 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 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 informationSUBJECT: 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 informationSELANGOR 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 informationThe 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 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 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 informationSubject : 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 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 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 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 informationUTUSAN 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 informationFurther details of the Proposed Land Acquisition are set out in the following sections:
HUA YANG BERHAD ( HYB or the Company ) -Proposed acquisition of land by Prop Park Sdn Bhd 1. INTRODUCTION The Board of Directors of HYB wishes to announce that the wholly-owned subsidiary of the Company,
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 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 informationS P SETIA BERHAD ("S P SETIA")
S P SETIA BERHAD ("S P SETIA") PROPOSED ACQUISITION BY SETIA ECO VILLA SDN BHD, A SUBSIDIARY OF S P SETIA, OF A PARCEL OF LAND IN CYBERJAYA MEASURING APPROXIMATELY 268.11 ACRES ("SAID LAND") FROM CYBERVIEW
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 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 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 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 informationPROPOSED 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 informationANNOUNCEMENT 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(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 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 informationTRANSACTIONS (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 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 informationThe 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 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 informationCME 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 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
More informationTRANSACTIONS (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 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 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 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 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
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 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 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 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 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 informationUpon the completion of the Proposed Disposal, JHSB will cease to be an associate company of BHB.
BOUSTEAD HOLDINGS BERHAD ( BHB OR THE COMPANY ) PROPOSED DISPOSAL BY BAKTI WIRA DEVELOPMENT SDN BHD ( BWSB ), A WHOLLY OWNED SUBSIDIARY OF BHB, OF 30% EQUITY INTEREST HELD IN JENDELA HIKMAT SDN BHD ( JHSB
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
More informationUOA DEVELOPMENT BHD ( UOA )
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
More informationFurther 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 informationKMRSB is a wholly owned subsidiary of Kimlun Land Sdn Bhd, which in turn is a wholly owned subsidiary of KIMLUN.
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
More information2.1 Basis and justification of arriving at the Sale Consideration
BOUSTEAD PLANTATIONS BERHAD ( BPB OR COMPANY ) PROPOSED SALE OF 5 ADJOINING PARCELS OF FREEHOLD LAND MEASURING A TOTAL OF 677.78 HECTARES TO SETIA RECREATION SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM620.1
More informationNON RELATED PARTY TRANSACTION - PROPOSED SALE OF LOT 482 BLOCK 4 MIRI CONCESSION LAND DISTRICT BY SEALINK SDN. BHD. TO CMS CEMENT INDUSTRIES SDN BHD
SEALINK INTERNATIONAL BERHAD ( SEALINK ) NON RELATED PARTY TRANSACTION - PROPOSED SALE OF LOT 482 BLOCK 4 MIRI CONCESSION LAND DISTRICT BY SEALINK SDN. BHD. TO CMS CEMENT INDUSTRIES SDN BHD 1. INTRODUCTION
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 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 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
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 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 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 informationRELATED 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 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 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 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 informationAnnouncement. Company Name : BOUSTEAD HOLDINGS BERHAD Stock Name : BSTEAD Date Announced : 6 NOVEMBER 2012 BOUSTEAD HOLDINGS BERHAD ( BHB OR COMPANY )
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
More information(Source: Company search made with the Companies Commission of Malaysia)
HIAP HUAT HOLDINGS BERHAD ("HHH" OR "THE COMPANY") PROPOSED ACQUISITION OF SEVEN (7) UNITS OF OFFICE SUITES WITHIN AN ON- GOING DEVELOPMENT PROJECT KNOWN AS SUNWAY NEXIS SOHO ERECTED ON THE LAND HELD UNDER
More informationBERJAYA ASSETS BERHAD
BERJAYA ASSETS BERHAD ANNOUNCEMENT PROPOSED NOVATION OF AGREEMENT RELATING TO THE PROPOSED ACQUISITION OF OFFICE UNITS IN MENARA MSC CYBERPORT, JOHOR BAHRU 1.0 INTRODUCTION 1.1 The Board of Directors of
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 information