PROPOSED DISPOSAL OF WISMA SELANGOR DREDGING FOR A CASH CONSIDERATION OF RM480,000,000
|
|
- Shannon Spencer
- 6 years ago
- Views:
Transcription
1 SELANGOR DREDGING BERHAD ( SDB OR COMPANY ) PROPOSED DISPOSAL OF WISMA SELANGOR DREDGING FOR A CASH CONSIDERATION OF RM480,000, INTRODUCTION On behalf of the Board of Directors of the Company ( Board ), Maybank Investment Bank Berhad ( Maybank IB ) wishes to announce that the Company has today entered into a conditional sale and purchase agreement with Golden Eagle Realty Sdn. Bhd. ( GERSB or Purchaser ) for the proposed disposal of a piece of freehold commercial land held under Geran 9362, Lot 131 Seksyen 44, Town and District of Kuala Lumpur, State of Wilayah Persekutuan Kuala Lumpur together with four blocks of commercial building and two levels of basement car parks erected thereon known as Wisma Selangor Dredging ( Subject Property ) for a cash consideration of RM480,000,000 ( Disposal Consideration ) ( SPA ) ( Proposed Disposal ). 2. DETAILS OF THE PROPOSED DISPOSAL The Proposed Disposal entails the disposal of the Subject Property for the Disposal Consideration to be satisfied entirely in cash. The Subject Property will be disposed free from all encumbrances, and other restraints, whether equitable or legal, but subject to all conditions express or implied in the land title and existing tenancies of the Subject Property ( Tenancies ) and shall further be on an as-is-where-is basis, together with all equipment and machineries attached and all consumables, stock and inventory, and on the terms and conditions in the SPA. 2.1 Background information on the Subject Property A summary of the information on the Subject Property are as follows: Description : Freehold land with four blocks of commercial building (office tower) atop two levels of basement car park Postal address : Wisma Selangor Dredging, Nos. 142-A, 142-B, 142-C & 142-D, Jalan Ampang, Kuala Lumpur Land title : Geran 9362, Lot 131 Seksyen 44, Town and District of Kuala Lumpur, State of Wilayah Persekutuan Kuala Lumpur Tenure : Freehold Registered and beneficial owner : SDB Category of land use : Nil Existing use : Currently tenanted by third parties and SDB for office use Approximate age of each block of commercial building as at 15 May 2017 : 30 years 1
2 Gross floor area : 592,196 square feet ( sqf ) / 55,017 square metres ( sqm ) Net lettable area ( NLA ) - including NLA occupied by SDB : 362,782 sqf / 33,704 sqm - excluding NLA occupied by SDB : 356,432 sqf / 33,114 sqm Land area : 103,882 sqf / 9,651 sqm No. of car park bays : 459 Date of certificate of fitness for occupation : 16 January 1987 Occupancy rate : - including NLA occupied by SDB : 86.33% (1) - excluding NLA occupied by SDB : 86.09% (1) Rental income per annum for the financial year ended ( FYE ) 31 March 2016 Audited net book value ( NBV ) of the Subject Property as at 31 March 2016 Market value of the Subject Property as at 15 May 2017 as appraised by Raine & Horne International Zaki & Partners Sdn Bhd ( Independent Valuer ) ( Market Value ) : RM22,922,000 : RM318,000,000 : RM372,100,000 Encumbrances : Encumbered by way of lienholder s caveat to Public Bank Berhad ( PBB ) Express conditions : Nil Restrictions-in-interest : Nil Note: (1) Based on the tenancy schedule as at 30 April The Subject Property is located within the Kuala Lumpur city centre. The Independent Valuer had, in its valuation letter on the Subject Property dated 19 May 2017 ( Valuation Letter ), adopted the comparison approach as the principal valuation methodology in arriving at the Market Value and had counter-checked against the investment approach. The comparison approach is a valuation method which seeks to determine the value of the property being valued by comparing and adopting recent transactions and sales evidences involving other similar properties in the vicinity as yardstick. Adjustments were made to, among others, differences in time, location, size (NLA), building s age and condition. The investment approach involves estimating the current rental income that can accrue to the property if it is made available for letting based on the usual tenancy term in the open market. From this gross income, a deduction is made for the landlord s outgoing in owning and managing the property as a form of investment. The remaining net income is then capitalised at a suitable net yield with provision for a sinking fund over the life of the investment of the remaining unexpired term. 2
3 2.2 Background information on GERSB GERSB was incorporated in Malaysia as a private limited company on 18 May 2017 under the Companies Act, It is principally involved in construction, property development and real estate activities. As at 31 May 2017, being the latest practicable date prior to this Announcement ( LPD ), the share capital of GERSB is RM2.00 comprising 2 ordinary shares. As at the LPD, the directors of GERSB are Tan Sri Dato Koo Yuen Kim and Koo Yoke Ying. GERSB is a wholly-owned subsidiary of Nation Venue Sdn Bhd. As at the LPD, Tan Sri Dato Koo Yuen Kim and Koo Yoke Ying hold 99% and 1% shareholdings in Nation Venue Sdn Bhd respectively. 2.3 Salient terms of the SPA Basis of Proposed Disposal The Subject Property will be disposed free from all encumbrances, and other restraints, whether equitable or legal, but subject to all conditions express or implied in the land title and Tenancies and shall further be on an as-is-where-is basis, together with all equipment and machineries attached and all consumables, stock and inventory Conditions Precedent The Proposed Disposal shall be subject to the following conditions precedent (collectively, Conditions Precedent 1 ): (a) (b) the approval/confirmation of the Economic Planning Unit of the Prime Minister's Department of Malaysia ( EPU ), on terms acceptable to the Purchaser provided all terms and conditions imposed by the EPU other than the imposition of bumiputra equity condition shall be deemed to be acceptable to the Purchaser; and the approval/confirmation of the Royal Malaysian Customs that the disposal of the Subject Property subject to the Tenancies is a transfer of business as a going concern and that goods and services tax ( GST ) is not chargeable under the Goods and Services Tax Act, (iii) Conditions Precedent 1 are to be fulfilled within 3 months from the date of the SPA, or such extended period(s) as shall be agreed by the Company. The day on which the Conditions Precedent 1 are fulfilled shall be the CP 1 Confirmation Date. After the fulfillment of Conditions Precedent 1, the Proposed Disposal shall further be subject to the following conditions precedent (collectively, Conditions Precedent 2 ): 3
4 (a) (b) (if applicable), the approval of the governmental authority, body or agency empowered and having jurisdiction to grant the approvals required for the transfer of the Subject Property to the Purchaser pursuant to Section 433B of the National Land Code; and the approval of the shareholders of the Company at an extraordinary general meeting ( EGM ) to be convened. (iv) Conditions Precedent 2 are to be fulfilled within 6 months from the CP 1 Confirmation Date, or such extended period(s) as shall be agreed by the Purchaser and the Company (collectively Parties ). The day on which the Conditions Precedent 2 are fulfilled shall be the Unconditional Date Payment Terms Upon the execution of the SPA, the Purchaser shall pay the deposit of the sum of RM48,000,000, representing 10% of the Disposal Consideration ( Deposit ) and the balance sum of RM432,000,000, representing 90% of the Disposal Consideration ( Balance Sum ) shall be paid within 3 months after the Unconditional Date ( Completion Period ), with an automatic extension of one month thereafter ( Extended Completion Period ) subject to the Purchaser s payment of the late payment interest on the outstanding amount at the rate of 8% per annum. The date on which payment of the full Disposal Consideration is made (together with late payment interest, if any) shall be the Completion Date Management of Subject Property The Purchaser is to take over the management, maintenance, service, building or employment contract in relation to the Subject Property on the Completion Date. Without affecting the generality of the foregoing, the Company agrees to manage and maintain the Subject Property for the Purchaser for a period of one year from the Completion Date or such other period as may be mutually agreed by the Parties at an agreed yearly fee of RM400,000 (excluding GST) and the Purchaser shall bear the operating expenses and disbursements in relation to the management and maintenance of the Subject Property, upon the terms and conditions of a property management agreement to be signed on or before the Completion Date Non-completion Default by Purchaser In the event the Purchaser shall fail to pay the Balance Sum or any part thereof, the Company shall be entitled to terminate the SPA where the Deposit shall be forfeited to the Company. All other monies paid by the Purchaser shall be refunded by the Company to the Purchaser within 10 business days of such termination. Upon the payment of such refund with the Company s solicitors, the Purchaser shall: (a) redeliver legal and vacant possession of the Subject Property to the Company (if the same has already been delivered); 4
5 (b) (c) account and pay to the Company any income accrued on the Subject Property during the period of possession by the Purchaser; and cause the Purchaser s solicitors or the Purchaser s financier s solicitors to forthwith return to the Company all documents forwarded to them including the title documents, the transfer and the duly executed withdrawal of private caveat form by the Purchaser or the Purchaser s financier together with the necessary registration fees (if not already withdrawn), and until such documents and legal and vacant possession (if applicable) are so returned and income accrued so accounted for and paid, the Company s solicitors shall not be authorised to release any such amount refunded to the Purchaser. Thereafter, the SPA shall be terminated and become null and void and neither party shall have any further claims, action or proceedings against the other and the Company shall be entitled to dispose of or deal with the Subject Property at its absolute discretion. Default by Company (a) In the event: the Company refuses, fails or defaults to complete the sale of the Subject Property pursuant to the terms and conditions of the SPA; or the Company shall commit any material breach of representations, warranties, covenants and/or undertakings on the part of the Company or breach of the terms and conditions contained in the SPA and fails to rectify the said breach at the expiry of 10 business days notice in writing given by the Purchaser to remedy such breach; then the Purchaser shall be entitled to either: (aa) (bb) specific performance of the SPA against the Company; or terminate the SPA and upon such termination the Company shall refund to the Purchaser through the Purchaser s solicitors, all monies paid towards the Disposal Consideration and all other monies paid hereunder and further pay to the Purchaser a sum equivalent to 10% of the Disposal Consideration as agreed liquidated damages ( Damages ) within 30 business days failing which the Company shall be liable for interest at the rate of 8% per annum on a daily rest basis on any outstanding sum not refunded and/or repaid. 5
6 (b) Upon depositing of such refund and Damages with the Purchaser s solicitors, the Purchaser shall: (iii) redeliver legal and vacant possession of the Subject Property to the Company (if the same has already been delivered); account and pay to the Company any income accrued on the Subject Property during the period of possession by the Purchaser; and cause the Purchaser s solicitors or the Purchaser s financier s solicitors to forthwith return to the Company all documents forwarded to them including the title documents, the transfer and the duly executed withdrawal of private caveat form by the Purchaser or the Purchaser s financier together with the necessary registration fees (if not already withdrawn), and until such documents and legal and vacant possession (if applicable) are so returned and income accrued, so accounted for and paid, the Purchaser s solicitors shall not release such amount refunded to the Purchaser. Thereafter, the SPA shall be terminated and become null and void and neither party shall have any further claims, action or proceedings against the other and the Company shall be entitled to dispose of or deal with the Subject Property at its absolute discretion. 2.4 Basis and justification for the Disposal Consideration The Disposal Consideration was arrived at on a willing-buyer willing-seller basis after taking into consideration the Market Value of the Subject Property. In justifying the Disposal Consideration, the Board has taken into consideration the following: the attractive premium to the market value and audited NBV of the Subject Property as follows: (a) (b) premium of approximately 29.0% over the Market Value; and premium of approximately 50.9% over the audited NBV of the Subject Property as at 31 March 2016 of RM318,000,000. other rationale and benefits of the Proposed Disposal as set out in Section 3 of this Announcement. 2.5 Liabilities to be assumed There are no liabilities, including contingent liabilities and guarantees, to be assumed by GERSB pursuant to the Proposed Disposal. 6
7 2.6 Original cost and date of investment The construction of the Subject Property was completed on 16 January The total cost to develop the Subject Property (including land cost) is RM61.67 million. 2.7 Use of proceeds The gross proceeds from the Proposed Disposal will be used in the following manner: Description of use Estimated timeframe for use from receipt of proceeds Amount (RM 000) Distribution to shareholders (1) Within 2 months 80,964 Settlement of the Redemption Sum (2) Within the Completion Period or Extended Completion Period, as the case may be 248,750 Repayment of bank borrowings (3) Within 12 months 19,200 Working capital for the SDB group of companies ( SDB Group or Group ) (4) Estimated real property gains tax ( RPGT ) payable pursuant to the Proposed Disposal Defray estimated expenses relating to the Proposed Disposal (5) Within 12 months 103,068 Within the Completion Period or Extended Completion Period, as the case may be 20,590 Within 2 months 7,428 Total 480,000 Note: (1) The Company intends to distribute RM80.96 million of its proceeds to shareholders via a special cash dividend where the entitlement date will be determined and announced later by the Board. (2) The amount required to fully settle and discharge the outstanding indebtedness owing to PBB in order to obtain the discharge/release/withdrawal of the existing lien-holder s caveat and PBB s interest over the Subject Property ( Redemption Sum ) will be paid by the Purchaser to PBB simultaneously with the payment of the Balance Sum by the Purchaser to the Company (after deducting therefrom the Redemption Sum). Such settlement is expected to result in interest savings of approximately RM12.44 million per annum based on the average effective interest rate of 5.0% per annum. (3) As at the LPD, the total borrowings of the SDB Group is approximately RM million. The repayment of part of the Group s existing borrowings amounting to RM19.20 million is expected to result in interest savings of approximately RM0.96 million per annum based on an average effective interest rate of 5.0% per annum. 7
8 (4) To fund the SDB Group s day-to-day operations which include the payment of contractors, suppliers, consultants, contribution to authorities and property development expenses of joint venture project. The breakdown of proceeds to be utilised for each component of the working capital has not been determined at this juncture. The actual utilisation for each component of working capital may differ at the time of utilisation. (5) Comprising professional fees, fees payable to the relevant authorities, printing costs and expenses relating to the convening of the EGM including advertising cost and other expenses related or incidental to the Proposed Disposal. Any shortfall or excess in funds allocated for estimated expenses will be funded from or used for working capital purposes. Pending utilisation of the proceeds from the Proposed Disposal for the purposes as set out above, the proceeds will be placed in interest-bearing deposits with financial institutions and/or short-term money market instruments as the Board deems fit. The interest derived from the deposits with financial institutions and/or any gains arising from the short-term money market instruments will be used for working capital purposes. 3. RATIONALE AND BENEFITS OF THE PROPOSED DISPOSAL The Proposed Disposal provides an opportunity for the SDB Group to unlock its investment in the Subject Property and generate immediate cash flow for the SDB Group. The Proposed Disposal will enable the SDB Group to raise funds to repay part of the Group s bank borrowings as set out in Section 2.7 of this Announcement, which will reduce the gearing levels of the SDB Group. This will also result in interest savings and provide the SDB Group with financial flexibility to secure additional borrowings should new investment and development opportunities arise. The Proposed Disposal will provide additional funds for the working capital of the SDB Group. 4. RISK FACTOR The Proposed Disposal is subject to completion risk as the Proposed Disposal is conditional upon the fulfilment and/or waiver (as the case may be) of the conditions precedent or occurrence of any of the termination events as set out in Section 2.3 of this Announcement. There can be no assurance that the conditions precedent will be satisfied and/or waived (as the case may be) or that any of the termination events will not occur. Nevertheless, the Company shall use its best endeavour to fulfil all the conditions precedent within its control in a timely manner and mitigate the occurrence of any of the termination events that are within its control to ensure the completion of the Proposed Disposal. 5. EFFECTS OF THE PROPOSED DISPOSAL 5.1 Share capital and substantial shareholders shareholding The Proposed Disposal will not have any effect on the share capital and substantial shareholders shareholding in the Company as the Proposed Disposal does not involve the issuance of any new SDB Shares. 8
9 5.2 Net assets ( NA ) per SDB Share and gearing For illustrative purposes only, based on the latest audited consolidated statement of financial position of SDB as at 31 March 2016 and on the assumption that the Proposed Disposal had been effected on that date, the proforma effect of the Proposed Disposal on the NA per SDB Share and gearing of the Group are as follows: Audited as at 31 March 2016 Subsequent adjustments (1) After the Proposed Disposal RM 000 RM 000 RM 000 Share capital 213, , ,064 Share premium Revaluation reserve 50,433 50,433 50,433 Exchange translation reserve 23,376 23,376 23,376 Other reserve 7,861 7,861 7,861 Retained earnings 518, ,912 (2) 654,710 Total equity/na attributable to owners of the Company 813, , ,921 No. of SDB Shares in issue ( 000) 426, , ,128 NA per SDB Share (RM) Total borrowings 563, , ,811 Net gearing (times) (3) Notes: (1) Subsequent events comprises of the first and final single tier dividend of 5% per SDB Share for the FYE 31 March 2016 amounting to RM10,653,190 paid on 9 September (2) After taking into consideration the estimated gain on disposal (net of the estimated expenses and additional provision of RPGT relating to the Proposed Disposal of approximately RM15.20 million) of approximately RM million arising from the Proposed Disposal. (3) Computed based on total borrowings less cash and cash equivalents ( Net Debt ) divided by total equity/na attributable to owners of the Company and Net Debt. 5.3 Earnings and earnings per SDB Share ( EPS ) For illustrative purposes only, based on the audited consolidated financial statements of SDB for the FYE 31 March 2016 and assuming that the Proposed Disposal had taken place on 31 March 2016, the Proposed Disposal is expected to give rise to a gain of RM million at the group level, net of estimated expenses and additional provision of RPGT relating to the Proposed Disposal of approximately RM15.20 million. The estimated gain will result in an improvement in the EPS by approximately RM0.32 based on million SDB Shares in issue as at 31 March
10 For the FYE 31 March 2016, the rental income (net of expenses) from the Subject Property was RM14.56 million, representing 31.07% of the audited profit before tax of the SDB Group. After the completion of the Proposed Disposal, the Subject Property will cease to contribute any income to the SDB Group (save for the management fee referred to in Section of this Announcement) resulting in a reduction in the future revenue and earnings of the SDB Group. The estimated interest savings of RM13.40 million will mitigate the effect of the cessation of rental income contribution from the Subject Property. 6. APPROVALS REQUIRED The Proposed Disposal is subject to the approvals/confirmations being obtained from the following: (iii) shareholders of the Company at an EGM to be convened; the relevant authorities as stated in Section of this Announcement; and any other authorities and/or parties, if required. Save as disclosed above, the Proposed Disposal is not conditional upon any other corporate exercise/scheme announced by SDB but is pending completion. 7. INTERESTS OF THE DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED TO THEM None of the Directors and/or major shareholders of the Company as well as persons connected to them have any interest, direct or indirect, in the Proposed Disposal. 8. DIRECTORS STATEMENT The Board, having considered all aspects of the Proposed Disposal including the rationale and benefits of the Proposed Disposal, the salient terms of the SPA, the basis and justification for the Disposal Consideration as well as the effects of the Proposed Disposal, is of the opinion that the Proposed Disposal is in the best interest of the Company. 9. ESTIMATED TIMEFRAME FOR SUBMISSION TO THE AUTHORITIES AND COMPLETION The application to the relevant authorities in relation to the Proposed Disposal will be made within 2 months from the date of this Announcement. Barring any unforeseen circumstances, and subject to the required approvals being obtained, the Proposed Disposal is expected to be completed in the first quarter of PERCENTAGE RATIO The highest percentage ratio applicable to the Proposed Disposal pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 58.98% based on the Disposal Consideration of RM480 million compared with the latest audited consolidated NA of SDB as at 31 March 2016 of RM813.8 million. 10
11 11. ADVISER Maybank IB has been appointed as Principal Adviser to SDB for the Proposed Disposal. 12. DOCUMENTS AVAILABLE FOR INSPECTION The following documents are available for inspection at the registered office of the Company at 18 th Floor, West Block, Wisma Selangor Dredging, 142-C Jalan Ampang, Kuala Lumpur during normal business hours from Mondays to Fridays (except public holidays) for a period of 3 months from the date of this Announcement: the SPA; and the Valuation Letter. This Announcement is dated 20 June
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(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 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 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 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(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 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 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 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 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 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 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 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 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 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 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 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 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 informationPMB 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 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 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 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 information1. INTRODUCTION 2. DETAILS OF THE LAND DISPOSAL
BENALEC HOLDINGS BERHAD ( BENALEC OR THE COMPANY ) DISPOSAL OF SIX (6) PIECES OF LEASEHOLD VACANT LAND BY ORIENTALCOVE PROPERTY SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF BENALEC SDN. BHD., WHICH IN TURN
More 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 informationPARKSON HOLDINGS BERHAD ( PARKSON HOLDINGS or the COMPANY )
PARKSON HOLDINGS BERHAD ( PARKSON HOLDINGS or the COMPANY ) Proposed Disposal of KL Festival City Mall 1. INTRODUCTION The Board of Directors of Parkson Holdings wishes to announce that Festival City Sdn
More 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 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 informationAs at the announcement date, the Directors of Vendor C are as follows:
DISPOSAL OF LANDS BY SENTOSACOVE DEVELOPMENT SDN BHD, OCEANVIEW REALTY SDN BHD AND STRATEGIC COVE SDN BHD, ALL OF WHICH ARE WHOLLY-OWNED SUBSIDIARIES OF BENALEC SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED
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 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 informationFARM S BEST BERHAD ( FBB OR COMPANY )
FARM S BEST BERHAD ( FBB OR COMPANY ) PROPOSED DISPOSAL OF TEN (10) PARCELS OF FREEHOLD VACANT LAND IN MUKIM GRISEK, DAERAH LEDANG, JOHOR ( LAND ) BY SINMAH POULTRY FARM SDN BHD ( SINMAH OR VENDOR ), A
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 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 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 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 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 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 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 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 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 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 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 informationAxis-REIT proposes to dispose of Axis Eureka for a total lump sum cash consideration of RM56,132, to the Purchaser.
GENERAL ANNOUNCEMENT AXIS REAL ESTATE INVESTMENT TRUST ( AXIS-REIT OR FUND ) PROPOSED DISPOSAL BY AXIS-REIT OF A 4-STOREY PURPOSE-BUILT OFFICE BUILDING BUILT ON FREEHOLD LAND HELD UNDER GRN 207772/LOT
More 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 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 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 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 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 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 informationGLOBAL 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 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 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 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 informationASIA MEDIA GROUP BERHAD ( AMEDIA OR THE COMPANY OR THE VENDOR )
ASIA MEDIA GROUP BERHAD ( AMEDIA OR THE COMPANY OR THE VENDOR ) PROPOSED DISPOSAL OF THE ENTIRE EQUITY INTEREST IN DPO PLANTATIONS SDN BHD ( DPO ), A WHOLLY-OWNED SUBSIDIARY OF AMEDIA, TO DPO HOLDINGS
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 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 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 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 information2.1.2 The Purchaser will assume and repay specific liabilities of EVSB due to GRSB amounting to RM7,890,000, a 100% owned subsidiary of GUNUNG.
GUNUNG CAPITAL BERHAD ( GUNUNG OR THE COMPANY ) PROPOSED DISPOSAL OF 1,160,000 ORDINARY SHARES OF EV BUS SDN BHD ( EVSB ) REPRESENTING 100% EQUITY INTEREST IN EVSB FOR TOTAL CASH PROCEEDS OF RM9,050,000
More informationFar East Group Limited (Company Registration No.: C) (Incorporated in the Republic of Singapore on 18 March 1964)
Far East Group Limited (Company Registration No.:196400096C) (Incorporated in the Republic of Singapore on 18 March 1964) PROPOSED DISPOSAL OF LAND AND FACTORY BUILDING AT LOT NO. 42182, GM 5748, LOCALITY
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 informationNSSB was incorporated in Malaysia on 22 November 2006 and its principal activity is operating of a retail mall and property management.
MALAYSIAN RESOURCES CORPORATION BERHAD ( MRCB OR THE COMPANY ) - DISPOSAL OF MRCB S 51% EQUITY INTEREST IN NU SENTRAL SDN BHD ( NSSB ) TO PELABURAN HARTANAH BERHAD ( PHB ) FOR A CONSIDERATION OF RM119,776,136
More 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 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 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 information2.2 BASIS OF AND JUSTIFICATION FOR ARRIVING AT THE DISPOSAL CONSIDERATION
PAN MALAYSIAN INDUSTRIES BERHAD ("PMI" OR "COMPANY") PROPOSED DISPOSAL BY FAIRWAY PROPERTIES SDN BHD, A WHOLLY OWNED SUBSIDIARY OF PMI, OF ALL THAT PIECE AND PARCEL OF FREEHOLD LAND KNOWN AS LOT NO. 1161,
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 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 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 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 information(SPL and ACP individually a Party and collectively the Parties )
SALCON BERHAD ( SALCON OR THE COMPANY ) DISPOSAL BY SALCON POWER (HK) LIMITED ( SPL OR THE SELLER ), A WHOLLY-OWNED SUBSIDIARY OF SALCON, OF THE BUSINESS OF A PORTFOLIO COMPRISING 208 UNITS OF SOLAR PHOTOVOLTAIC
More informationTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS GUOCOLAND (MALAYSIA) BERHAD ("GLM" OR THE "COMPANY")
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS GUOCOLAND (MALAYSIA) BERHAD ("GLM" OR THE "COMPANY") PROPOSED DISPOSALS BY GUOMAN HOTEL & RESORT HOLDINGS SDN BHD, A 70%-OWNED
More informationSERN 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 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 information2. Information on Tanco, Palm Springs Development Sdn Bhd and ouvelle Hotel Sdn Bhd
A OU CEME T TA CO HOLDI GS BERHAD ( TA CO or COMPA Y ) PROPOSED DISPOSAL OF TWE TY FOUR (24) PIECES OF FREEHOLD A D VACA T LA D IDE TIFIED AS HS(D) 13108-13131 LOT 2795-2818, MUKIM PASIR PA JA G, PORT
More 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 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 informationDatuk Bandar and Cordova are collectively referred to as Parties and individually as Party.
MAH SING GROUP BERHAD ( MAH SING OR COMPANY ) PROPOSED ACQUISITION BY NATURE LEGEND DEVELOPMENT SDN BHD, A WHOLLY- OWNED SUBSIDIARY OF MAH SING, OF THE ENTIRE EQUITY INTEREST IN CORDOVA LAND SDN BHD, WHICH
More 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 informationHAISAN RESOURCES BERHAD ( HAISAN OR COMPANY )
HAISAN RESOURCES BERHAD ( HAISAN OR COMPANY ) (I) (II) PROPOSED DISPOSAL OF SEVEN (7) PARCELS OF LEASEHOLD INDUSTRIAL LAND TOGETHER WITH THE BUILDINGS ERECTED THEREON, ALL LOCATED AT JALAN PELABUHAN UTARA,
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 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 informationCOGENT HOLDINGS LIMITED (Co. Reg. No D) (Incorporated in Singapore)
1. INTRODUCTION The Board of Directors of Cogent Holdings Limited (the Company and together with its subsidiaries, the Group ) wishes to announce that SH Cogent Logistics Pte Ltd (the Vendor ), a wholly-owned
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 informationPROPOSED DISPOSAL OF THE SUMMIT HOTEL BUKIT MERTAJAM ( PROPOSED DISPOSAL )
MEDA INC BERHAD ( MEDA OR THE COMPANY ) PROPOSED DISPOSAL OF THE SUMMIT HOTEL BUKIT MERTAJAM ( PROPOSED DISPOSAL ) 1. INTRODUCTION Board of Directors of Meda ( Board ) wishes to announce that the Company
More informationDISPOSAL 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 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 informationA formal sale and purchase agreement ("SPA") will be executed upon all the conditions precedent in the Agreement are fulfilled.
FAJARBARU BUILDER GROUP BHD ("FBG" OR THE "COMPANY") PROPOSED ACQUISITION BY FAJARBARU LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF FAJARBARU BUILDER GROUP BHD, OF A PIECE OF FREEHOLD LAND MEASURING 2.749
More informationPROPOSED DISPOSAL OF 73% EQUITY INTEREST IN TENAGA KIMIA SDN BHD ( TKSB ) ( PROPOSED DISPOSAL )
TROPICANA CORPORATION BERHAD ( TROPICANA OR COMPANY ) PROPOSED DISPOSAL OF 73% EQUITY INTEREST IN TENAGA KIMIA SDN BHD ( TKSB ) ( PROPOSED DISPOSAL ) 1. INTRODUCTION The Board of Directors of Tropicana
More informationTEK currently has the following subsidiaries:-
BOILERMECH HOLDINGS BERHAD Proposed Acquisition by Boilermech Holdings Berhad of 698,287 ordinary shares of RM1.00 each representing 60.23% of the issued and paid-up share capital of Teknologi Enviro-Kimia
More 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 informationGLOBAL ORIENTAL BERHAD ( GOB or Company or Purchaser ) PROPOSED ACQUISITION OF REMAINING 35% EQUITY INTEREST IN PERWIRA NADI TRADING SDN BHD
1. INTRODUCTION The Board of Directors of GOB wishes to announce that the Company had on 3 July 2015 entered into a share sale agreement ( SSA ) with Lee Kian Jin to acquire the remaining 35% equity interest
More information2. DETAILS OF THE ACQUISITION. 2.1 Details of the property.
RELATED PARTY TRANSACTION. ACQUISITION OF LANDED PROPERTY BY MY SQUARES DEVELOPMENT SDN BHD (260412-D)( THE PURCHASER ), A 51% SUBSIDIARY OF MINHO (M) BERHAD (200930-H) FROM A RELATED PARTIES, NG KIM KEE
More 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 informationBRAHIM S HOLDINGS BERHAD (FORMERLY KNOWN AS TAMADAM BONDED WAREHOUSE BERHAD) ( THE COMPANY
BRAHIM S HOLDINGS BERHAD (FORMERLY KNOWN AS TAMADAM BONDED WAREHOUSE BERHAD) ( THE COMPANY ) - PROPOSED DISPOSAL OF THE COMPANY S WHOLLY-OWNED SUBSIDIARY, TAMADAM INDUSTRIES SDN BHD AND ITS BUSINESS TO
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 informationUNIFIED COMMUNICATIONS HOLDINGS LIMITED Company Registration No W
UNIFIED COMMUNICATIONS HOLDINGS LIMITED Company Registration No. 200211129W PROPOSED PURCHASE OF THE SHOP-OFFICE LOCATED AT LOT 3A-5-1, 5 TH FLOOR, BLOCK 3A, PLAZA SENTRAL, KUALA LUMPUR, MALAYSIA 1. INTRODUCTION
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 information