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

Size: px
Start display at page:

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

Transcription

1 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 T) ( MHSB ) 1) INTRODUCTION The Board of Directors of Y&G ( the Board ) wishes to announce that Y&G has, on 27 July 2015 entered into a Share Sale Agreement ( the SSA ) with four (4) individuals, namely, Ms Ng Yoke Lan (NRIC No ), Mr Tan Wah Kok (NRIC No ), Dato Yap Jun Jien (NRIC No ) and Mr Yap Jun Wei (NRIC No ) ( the Vendors ) for the proposed acquisition of the entire issued share capital of MAHA HARAPAN SDN BHD (Co. No T) ( MHSB or the Company ), details of which are as stated in Section 2 below. 2) DETAILS OF THE PROPOSED ACQUISITION 2.1) Details of the Proposed Acquisition On 27 July 2015, Y&G has entered into the SSA with the Vendors to acquire One Hundred Thousand (100,000) ordinary shares of RM1.00 each representing the entire issued share capital of MHSB ( the Sale Shares ) for a total consideration of RM4,680,000 (Ringgit Malaysia: Four Million Six Hundred Eighty Thousand) only ( the Proposed Acquisition ), which will result in MHSB becoming a wholly-owned subsidiary of Y&G. 2.2) Information on MHSB MHSB was incorporated in Malaysia on 30 June 2014 as a private limited company under the Companies Act, 1965 and is currently inactive. The authorised share capital of the Company is RM400, comprising 400,000 ordinary shares of RM1.00 each, of which RM100, comprising 100,000 ordinary shares of RM1.00 each have been issued and fully paid-up. MHSB had entered into a Sale and Purchase Agreement dated 6 April 2015 (hereinafter referred to as the SPA ) with Sapphire Plenitude Sdn Bhd ( SPSB ) to acquire all that parcel of leasehold land held under Title No. H.S.(D) 24643, PT 10316, Mukim Rawang, Daerah Gombak, Negeri Selangor, measuring approximately in area of acres ( hectares) ( the Land ) subject to terms and conditions stated therein. The SPA has become unconditional on 25 June 2015 upon SPSB s attainment of the approval of the State Authority to the transfer of the Land in favour of the Company via the State Authority s Approval Letter dated 22 June 2015 ( the State Consent ).

2 2.3) Information on the Land The details of the Land are set out below: Particulars Descriptions Title No,/Lot No. Description : Title No. H.S.(D) 24643, PT 10316, Mukim Rawang, Daerah Gombak, Negeri Selangor Land area : Approximately acres ( hectares) Tenure : Leasehold for a term of 99 years, expiring 24 November 2093 Category of land use : Perusahaan Express conditions : Perusahaan Encumbrances : Charged in favour of Sabah Development Bank Berhad, registered on 16 January 2013 & 17 July 2013 Restriction-in-interest : Tanah yang diberi milik ini, tidak boleh dipindah milik, dipajak atau digadai melainkan dengan kebenaran Pihak Berkuasa Negeri Registered owner : Sapphire Plenitude Sdn Bhd Unaudited net book value of the Land as at 30 June 2015 : RM37,270,500 (inclusive of the balance purchase price under the SPA) The Land is currently free from all encumbrances except for the charge in favour of Sabah Development Bank Berhad (Co. No W) (hereinafter referred to as the Chargee Bank ) for loan facilities granted by the Chargee Bank to SPSB in which SPSB has an outstanding sum of RM33,205, due to the Chargee Bank as at 5 March 2015 plus interest accrued thereon until its full settlement (hereinafter referred to as the Outstanding Loan ). The Land is located off Jalan Bandar Tasik Puteri in Rawang, Selangor Darul Ehsan and is currently vacant and overgrown with bushes, wild grass and trees, with immediate neighbourhood comprising agricultural land, development lands, industrial and residential properties. Y&G is proposing to develop the Land primarily into a mixed development ( the Proposed Development ). However, the Proposed Development is still in its preliminary stages and is still subject to the planning and the development approvals from the relevant authorities upon the completion of the Proposed Acquisition. Therefore, it is too preliminary to ascertain the indicative gross development value at this juncture. 2.4) Basis of arriving at the purchase consideration and mode of satisfaction The total consideration of RM4,680,000 ( the Purchase Consideration ) for the Proposed Acquisition was arrived at on a willing buyer-willing seller basis, after taking into consideration the unaudited net assets of MHSB as at 30 June 2015, fair value adjustment of

3 the Land and deferred tax. The Proposed Acquisition shall be satisfied by cash, which will be funded via internally generated funds arising from the recently completed Proposed Private Placement with Warrants and Proposed Rights Issue with Warrants as announced on 21 November No valuation was carried out on the Land. 2.5) Details of the Vendors All the Vendors, namely, Ms Ng Yoke Lan, Mr Tan Wah Kok, Dato Yap Jun Jien and Mr Yap Jun Wei, are Malaysian citizens of full age. 2.6) Salient Features of the SSA The salient terms of the SSA are as follows: 2.6.1) Terms of Payment The Purchase Consideration of the Proposed Acquisition shall be paid in the following manner: (a) The deposit of RM468,000 equivalent to Ten percent (10%) of the Purchase Consideration ( the Deposit ) shall be payable to the Vendors upon the execution of the SSA; (b) The balance Purchase Consideration of Ninety percent (90%) or RM4,212,000 shall be payable to Y&G s Solicitors within Three (3) months from the date of the SSA or the Unconditional Date, whichever shall be later ( the Completion Date ); and (c) In the event that Y&G is unable to settle the balance Purchase Consideration within the time as stipulated above, the Vendors agree to grant an extension period of one (1) month to allow Y&G to pay the balance Purchase Consideration Provided That Y&G shall pay interest at the rate of 8% per annum on the said balance Purchase Consideration which shall remain unpaid after the expiry of the stipulated time above ) Conditions Precedent The SSA is conditional upon and subject to the followings:- (a) Y&G being satisfied with the results of its due diligence investigations into the Vendors title to the Sale Shares, the Management Accounts including (but not limited to) the financial, legal, contractual, tax position and prospects of the Company, and the Company s title to its assets and liabilities; (b) The procurement by the Vendors of all necessary approvals and consents from the appropriate authorities as to the disposal, sale and transfer of the Sale Shares from the Vendors to Y&G (if applicable). If any of the above Conditions Precedent is not fulfilled within Three (3) months from the date of the SSA ( the Conditional Period ) or at such later date as the Parties may agree in writing, then Y&G shall at its absolute discretion be entitled to terminate the SSA by notice in writing to the Vendors, whereupon:- (i) The Vendors shall within Fourteen (14) days from the date of such termination notice refund to Y&G the Deposit and all monies paid; and

4 (ii) Y&G s Solicitors shall concurrently with such refund return the Share Certificates and other documents to the Vendors, thereafter the SSA shall be rendered null and void and of no force and effect and thereafter no party shall have any claim against any other under it save and except for any antecedent breach and the Vendors shall be at liberty to deal with the Sale Shares as it deems fit. The parties undertake to use all reasonable endeavor to ensure the satisfaction of the foregoing Conditions Precedent which concern or require their respective actions. The SSA shall become unconditional on the Unconditional Date. 2.7) Assumption of Liabilities There are no liabilities, including contingent liability and guarantee, to be assumed by Y&G Group arising from the Proposed Acquisition. 3) EFFECTS OF THE PROPOSED ACQUISITION Earnings The Proposed Acquisition is not expected to have any material impact on Y&G Group s earnings for the current financial year ending 31 December Net Assets The Proposed Acquisition will not have any significant effect on the consolidated net assets of Y&G Group. Gearing The Proposed Acquisition has no impact on the gearing of Y&G Group as the Proposed Acquisition does not involve any bank borrowings. Share Capital and Substantial Shareholders Shareholdings The Proposed Acquisition has no impact on the issued and paid-up share capital of Y&G and the substantial shareholders shareholdings of Y&G as the Proposed Acquisition is to be satisfied in cash and does not involve issuance of new ordinary shares of Y&G. 4) RATIONALE FOR THE PROPOSED ACQUISITION The Proposed Acquisition is part of Y&G Group s objective of concentrating on its core businesses of property development by further increasing its land bank size and is expected to contribute positively to Y&G Group s revenue, profit and cash flow from the financial year ending 31 December 2016 onwards. 5) PROSPECTS AND RISK FACTORS The Board envisages that the prospects of the property development of Y&G Group are favourable. The Proposed Acquisition is subject to inherent risks of the property development industry in Malaysia, which is cyclical in nature.

5 6) ESTIMATED TIME FRAME FOR COMPLETION Barring any unforeseen circumstances, the Proposed Acquisition is expected to be completed by the third quarter of the current financial year ending 31 December ) APPROVALS REQUIRED Save for the approvals and consents mentioned under Item 2.6.2) above (Conditions Precedent), the Proposed Acquisition is not subject to any other conditions precedent nor the approval of shareholders of Y&G nor any other government authorities approval. 8) DIRECTORS AND SUBSTANTIAL SHAREHOLDERS INTERESTS AND PERSONS CONNECTED TO DIRECTORS AND SUBSTANTIAL SHAREHOLDERS Save for Dato Yap Jun Jien who is an Executive Director and a major shareholder of Y&G and Mr Yap Jun Wei who is a major shareholder of Y&G in which both having insignificant interests in the Proposed Acquisition by virtue of them being two of the Vendors, none of the directors and/or major shareholders of Y&G and/or persons connected with them have any interests, whether directly or indirectly, in the Proposed Acquisition. 9) STATEMENTS BY DIRECTORS Having considered all aspects of the Proposed Acquisition, the Board is of the opinion that the Proposed Acquisition is in the best interest of Y&G Group. 10) HIGHEST PERCENTAGE RATIO The highest percentage ratio applicable to the Proposed Acquisition pursuant to Paragraph 10.02(g) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements is 1.82%, based on the latest audited financial statements of Y&G Group for the financial year ended 31 December ) DOCUMENTS FOR INSPECTION The SSA and the SPA are available for inspection at the registered office of Y&G at 2-1, Jalan Sri Hartamas 8, Sri Hartamas, Kuala Lumpur, Wilayah Persekutuan (KL), 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 27 July 2015.

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

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

More information

Axis-REIT proposes to dispose of Axis Eureka for a total lump sum cash consideration of RM56,132, to the Purchaser.

Axis-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 information

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

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

More information

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

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

More information

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

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

More information

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

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

More information

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

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

More information

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

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

More information

1. INTRODUCTION 2. DETAILS OF THE LAND DISPOSAL

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

More information

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

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

More information

DutaLand Berhad (Company No V)

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

More information

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

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

More information

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

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

More information

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

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

More information

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

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

More information

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

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

More information

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

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

More information

CREST BUILDER HOLDINGS BERHAD ( CREST BUILDER OR COMPANY )

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

More information

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

OSK PROPERTY HOLDINGS BERHAD (OSKP OR THE COMPANY) OSK PROPERTY HOLDINGS BERHAD ("OSKP" OR "THE COMPANY") PROPOSED ACQUISITION BY POTENSI RAJAWALI SDN BHD, A WHOLLY OWNED SUBSIDIARY COMPANY OF OSKP, OF TWO PARCELS OF ADJOINING INDUSTRIAL LAND MEASURING

More information

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

Y&G CORPORATION BHD (6403-X) (Incorporated in Malaysia) Y&G CORPORATION BHD (6403-X) (Incorporated in Malaysia) Subject : TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) Y&G CORPORATION BHD ( Y&G ) PROPOSED ACQUISITION OF TWO (2) ADJACENT PARCELS OF FREEHOLD

More information

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

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

More information

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

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

More information

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

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

More information

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

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

More information

GLOBAL ORIENTAL BERHAD ( GOB or Company or Vendor )

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

More information

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

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

More information

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

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

More information

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

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

More information

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

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

More information

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

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

More information

Sentosa Sdn. Bhd. MKH Berhad 100%

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

More information

Datuk Bandar and Cordova are collectively referred to as Parties and individually as Party.

Datuk 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 information

ANNOUNCEMENT TANCO HOLDINGS BERHAD ( TANCO OR COMPANY )

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

More information

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

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

More information

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

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

More information

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

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

More information

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

The 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 information

PROPOSED DISPOSAL OF A PARCEL OF LAND ADJACENT TO SUNWAY CARNIVAL SHOPPING MALL LOCATED IN SEBERANG JAYA, PENANG ( PROPOSED DISPOSAL )

PROPOSED 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 information

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

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

More information

LION INDUSTRIES CORPORATION BERHAD ( LICB OR THE COMPANY )

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

More information

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

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

More information

LION DIVERSIFIED HOLDINGS BERHAD ( LDHB OR THE COMPANY )

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

More information

COMPUGATES HOLDINGS BERHAD ( H) (Incorporated in Malaysia)

COMPUGATES HOLDINGS BERHAD ( H) (Incorporated in Malaysia) COMPUGATES HOLDINGS BERHAD (669287-H) (Incorporated in Malaysia) COMPUGATES HOLDINGS BERHAD ( COMPUGATES or Company ) PROPOSED JOINT VENTURE BETWEEN COMPUGATES DEVELOPMENT AND MINING SDN BHD, A 70%-OWNED

More information

STAR PUBLICATIONS (MALAYSIA) BERHAD ( STAR

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

More information

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

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

More information

General Announcement. Submitted

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

More information

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

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

More information

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

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

More information

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

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

More information

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

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

More information

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

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

More information

AJINOMOTO (MALAYSIA) BERHAD ( AMB OR THE COMPANY )

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

More information

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

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

More information

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

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

More information

GLOBAL ORIENTAL BERHAD ( GOB or Company )

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

More information

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

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

More information

CHEMICAL COMPANY OF MALAYSIA BERHAD ( CCMB OR THE COMPANY )

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

More information

Further details of the Proposed Land Acquisition are set out in the following sections:

Further 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 information

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

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

More information

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

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

More information

PMB TECHNOLOGY BERHAD

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

More information

NSSB was incorporated in Malaysia on 22 November 2006 and its principal activity is operating of a retail mall and property management.

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 information

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

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

More information

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

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 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 information

UTUSAN MELAYU (MALAYSIA) BERHAD

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

More information

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

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

More information

KMRSB is a wholly owned subsidiary of Kimlun Land Sdn Bhd, which in turn is a wholly owned subsidiary of KIMLUN.

KMRSB 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 information

FOCUS POINT HOLDINGS BERHAD ( FOCUS POINT

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

More information

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

OSK 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 information

PROPOSED ACQUISITION OF A PARCEL OF VACANT LAND ADJACENT TO SUNWAY CARNIVAL SHOPPING MALL LOCATED IN SEBERANG JAYA, PENANG ( PROPOSED ACQUISITION )

PROPOSED ACQUISITION OF A PARCEL OF VACANT LAND ADJACENT TO SUNWAY CARNIVAL SHOPPING MALL LOCATED IN SEBERANG JAYA, PENANG ( PROPOSED ACQUISITION ) SUNWAY REAL ESTATE INVESTMENT TRUST ( SUNREIT ) PROPOSED ACQUISITION OF A PARCEL OF VACANT LAND ADJACENT TO SUNWAY CARNIVAL SHOPPING MALL LOCATED IN SEBERANG JAYA, PENANG ( PROPOSED ACQUISITION ) 1. INTRODUCTION

More information

General Announcement Reference No. GA APPENDIX 1

General 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

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

TRANSACTION (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 information

1. INTRODUCTION 2. DETAILS OF THE PROPOSED ACQUISITION. 2.1 Information on Infinite

1. INTRODUCTION 2. DETAILS OF THE PROPOSED ACQUISITION. 2.1 Information on Infinite UOA DEVELOPMENT BHD ( UOA or the Company ) PROPOSED ACQUISITION OF SEVEN PARCELS OF FREEHOLD LAND AT MUKIM SETAPAK DAERAH KUALA LUMPUR FOR A TOTAL CONSIDERATION OF RM130,323,137.00 ( PROPOSED ACQUISITION

More information

FACB INDUSTRIES INCORPORATED BERHAD ("FACB" OR THE "COMPANY")

FACB INDUSTRIES INCORPORATED BERHAD (FACB OR THE COMPANY) FACB INDUSTRIES INCORPORATED BERHAD ("FACB" OR THE "COMPANY") I. PROPOSED DISPOSAL BY KANZEN KAGU SDN BHD ("KKSB"), A WHOLLY-OWNED SUBSIDIARY COMPANY OF FACB, OF A PARCEL OF LEASEHOLD INDUSTRIAL LAND ERECTED

More information

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

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

More information

1.0 Introduction. The SHA and DRA are hereinafter referred to as the Proposals. 2.0 Information on HSLD, TTDI KL and GSSB 2.1 HSLD

1.0 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 information

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

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

More information

UOA DEVELOPMENT BHD ( UOA )

UOA 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 information

PROPOSED ACQUISITION OF LAND BY SUNGLOBAL RESOURCES SDN BHD

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

More information

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

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

More information

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

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

More information

SERN KOU RESOURCES BERHAD (COMPANY NO X)

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

More information

KPJ HEALTHCARE BERHAD ( KPJ or COMPANY )

KPJ 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 information

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

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

More information

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

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

More information

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

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

More information

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

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

More information

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

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

More information

O&C RESOURCES BERHAD. Announcement

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

More information

UTUSAN MELAYU (MALAYSIA) BERHAD ( UTUSAN OR COMPANY ) PROPOSED DISPOSAL 1. INTRODUCTION

UTUSAN 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 information

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

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

More information

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

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

More information

Upon completion of the Proposed Acquisition, SPSB will become a wholly-owned subsidiary of Digistar.

Upon 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 information

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

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

More information

Further details of the Proposed Acquisition are set out in the following sections: Approximately 7.2 acres. lots

Further 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 information

2. DETAILS OF THE ACQUISITION OF NEW SUBSIDIARY

2. 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 information

PARKSON HOLDINGS BERHAD ( PARKSON HOLDINGS or the COMPANY )

PARKSON 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 information

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

Further details of the Proposed Acquisition are set out in the ensuing sections. Page 1 of 7 General Announcement Reference No MM-031226-57304 Submitting Merchant Bank : AMMERCHANT BANK BERHAD (FORMERLY KNOWN AS ARAB- MALAYSIAN MERCHANT BANK BERHAD) Company Name : UNITED PLANTATIONS

More information

Further details on the Proposed Land Acquisition are set out in the ensuing sections.

Further 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 information

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

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

More information