Freehold Sime Darby Plantation (Peninsular) Sdn Bhd ( SDPPSB ) Sime Darby s original cost of investment in the Land is RM1.1 million.
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- Shawn Evans
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1 SIME DARBY BERHAD ( SIME DARBY ) PROPOSED DISPOSAL OF FREEHOLD LAND IN NEW LUNDERSTON ESTATE MEASURING APPROXIMATELY ACRES TO PNB DEVELOPMENT SDN BERHAD BY SIME DARBY BUILDERS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF SIME DARBY, FOR A TOTAL CASH CONSIDERATION OF RM85.5 MILLION 1. INTRODUCTION 1.1. Sime Darby wishes to announce that Sime Darby Builders Sdn Bhd ( SDBSB or Vendor ), an indirect wholly-owned subsidiary of Sime Darby has, on 29 June 2017, entered into a Sale and Purchase Agreement ( SPA ) with PNB Development Sdn Berhad ( PNBD or Purchaser ) for the disposal of approximately acres of land ( the Land ) by SDBSB to PNBD for a cash consideration of RM85,533,000 ( Consideration ) (referred to as the Proposed Disposal ). (SDBSB and PNBD are collectively referred to as the Parties ) 2. DETAILS OF THE LAND 2.1. Details of the Land Land Current usage Location Title Nos./ Lot Nos./ Land Area Tenure Registered Owner Beneficial Owner Encumbrances Other Endorsement Others A parcel of agricultural land Planted with oil palm trees Mukim of Bandar, District of Kuala Langat, Selangor Darul Ehsan Title No. Lot No. Land Area GRN Lot hectares (297.5 acres) Freehold Sime Darby Plantation (Peninsular) Sdn Bhd ( SDPPSB ) SDBSB Nil Nil Application to convert land use zoning from agriculture to mixed development was submitted on 30 June Original cost of investment Sime Darby s original cost of investment in the Land is RM1.1 million Net book value The net book value of the Land in SDBSB is RM30.2 million as at 30 June CONSIDERATION 3.1. Basis for determining the Consideration The Consideration was arrived at between the parties after taking into consideration the market value of the Land based on two (2) separate valuations as follows: RM78,000,000 as appraised by Jones Lang Wootton ( JLW ) on an as-is basis for agricultural land, as set out in its valuation certificate dated 27 January 2017 using the comparison method of valuation; and 1
2 RM85,533,000 as appraised by Hakimi & Associates Sdn Bhd ( Hakimi & Associates ) on an as-is basis for agricultural land, as set out in its valuation certificate dated 30 September 2016 using the comparison and residual method of valuation. JLW and Hakimi & Associates are both registered with the Board of Valuers, Appraisers and Estate Agents Malaysia. The Consideration will be satisfied in cash and will be paid according to the timelines set out in Section 4.2 below Utilisation of proceeds The proceeds derived from the Proposed Disposal will be utilised to fund strategic development projects by Sime Darby Property Berhad ( SD Property ) within the next twelve (12) to twenty four (24) months and for the payment of expenses in relation to the Proposed Disposal. 4. SALIENT TERMS OF THE SPA 4.1. The Land to be disposed of on the following bases: On an as is where is basis; Free from encumbrances save and except for: (i) (ii) a Hindu Shrine, which the Vendor shall use its best endeavours to remove the same by 31 December 2018; and a Tenancy Agreement between Sime Darby Plantation Sdn Bhd ( SDPSB ) and SDBSB dated 1 July 2014 which will expire on 30 June Consideration On 8 May 2017, SDBSB received the sum of RM2,565, being 3% of the Consideration ( Earnest Deposit ) from PNBD Upon execution of the SPA, PNBD shall pay the sum of RM5,987, being 7% of the Consideration ( Balance Deposit ) in cash PNBD shall pay the sum of RM76,979,700.00, being the balance of the Consideration ( Balance Purchase Price ), in the following manner: (i) (ii) The sum of RM64,149, ( First Tranche of Balance Purchase Price ), equivalent to 75% of the Consideration, to be paid within one month from the date of the SPA; and The final sum of RM12,829,950.00, equivalent to 15% of the Consideration ( Second Tranche of Balance Purchase Price ) to be paid within three months from the Unconditional Date or any other period mutually agreed in writing between the parties as defined in Section 4.3 ( Completion Period ). In the event PNBD is unable to pay the Second Tranche of Balance Purchase Price on or before the expiry of the Completion Period, SDBSB shall grant PNBD a further period of one (1) month from the expiry of the Completion Period to pay the Second Tranche of Balance Purchase Price subject to interest payable by PNBD on the Second Tranche of Balance Purchase Price or any part thereof remaining outstanding, at the Malayan Banking Berhad 1-month fixed deposit account interest rate prevailing on the day after the expiry of the Completion Period calculated on a daily basis from the day after the expiry of the Completion Period until full settlement of the Balance Purchase Price. 2
3 4.3. Conditions Precedent The SPA is subject to the following: SDBSB having obtained the approval of the Estate Land Board ( ELB ) for the sale and transfer of the Land by SDBSB to PNBD pursuant to Section 214A of the National Land Code, 1965; SDBSB and PNBD having obtained the approval of its respective directors, and if required, the approval of its respective shareholders, for the Proposed Disposal; SDPPSB having obtained the approval of its directors, and if required, the approval of its respective shareholders, for the direct transfer of the Land from SDPPSB to PNBD; and PNBD may conduct a legal due diligence investigation on the Land, the results of which shall be to the reasonable satisfaction of PNBD in its sole and absolute discretion. The date of which all the above are obtained shall be referred to as the Unconditional Date Completion Barring any unforeseen circumstances and subject to the Conditions Precedent in Section 4.3, Sime Darby expects to complete the Proposed Disposal by 31 December Liabilities to be assumed by the Purchaser There are no liabilities, including contingent liabilities and guarantees, to be assumed by the Purchaser pursuant to the Proposed Disposal The SPA contain representations and warranties which are customary for transactions of this nature. 5. BACKGROUND INFORMATION ON THE PARTIES 5.1. SDBSB 5.2. PNBD SDBSB is a private limited company incorporated in Malaysia on 15 April Sime Darby holds an indirect 100% equity interest in SDBSB via SD Property. The issued share capital of SDBSB is RM1,000,000 comprising 1,000,000 ordinary shares. The principal activity of SDBSB is property development and construction. SDBSB is the beneficial owner of the Land. Based on its audited financial statements for the financial year ended 30 June 2016, SDBSB recorded a net loss of RM1.9 million whilst its net liabilities were RM4.4 million. PNBD is a private limited company incorporated in Malaysia on 24 June It is a whollyowned subsidiary of Permodalan Nasional Berhad ( PNB ). The issued share capital of PNBD consists of 100,000,000 ordinary shares and 943,123,000 preference shares. The principal activity of PNBD is investment holding. 6. RATIONALE FOR THE PROPOSED DISPOSAL The Proposed Disposal is in line with Sime Darby s strategy to unlock value through monetisation and opportunistic divestments. 3
4 7. RISK FACTORS The Proposed Disposal would not be completed in the event the Condition Precedent set out in Section 4.3 above are not fulfilled or in the event of a default by either SDBSB or PNBD. 8. FINANCIAL EFFECTS OF THE PROPOSED DISPOSAL 8.1. Issued share capital The Proposed Disposal will not have any effect on the issued share capital of Sime Darby Substantial shareholders shareholding The Proposed Disposal will not have any effect on Sime Darby s substantial shareholders shareholding in Sime Darby Earnings per share ( EPS ) Sime Darby is expected to record a gain on disposal (after non-controlling interests) of RM62.4 million by the financial year ending 30 June This gain includes the estimated cost of disposal but excludes the impact of any contingent payment under the SPA For illustrative purposes only, based on the issued share capital of Sime Darby as at 23 June 2017 of 6,800,839,377 ordinary shares, the consolidated EPS of Sime Darby is expected to increase by 0.9 sen Net assets per share and gearing The Proposed Disposal is not expected to have a material impact on the consolidated gearing of Sime Darby for the financial year ending 30 June For illustrative purposes only, based on Sime Darby s issued share capital as at 23 June 2017 of 6,800,839,377 ordinary shares and without considering the impact of dividends, the consolidated net assets per share is expected to increase by 0.9 sen for the financial year ending 30 June APPROVALS OF SHAREHOLDERS AND REGULATORY AUTHORITIES 9.1. The Proposed Disposal is not subject to the approval of Sime Darby s shareholders or any regulatory authorities apart from those mentioned in Section The Proposed Disposal is not inter-conditional upon any other corporate proposals of Sime Darby. 10. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM Interested Shareholders PNB is a person connected with Amanah Saham Bumiputera ( ASB ) and is a substantial shareholder of Sime Darby holding 6.057% equity interest in Sime Darby as at 23 June In addition, PNB holds 100% equity interest in PNBD. Accordingly, PNB is deemed interested in the Proposed Disposal. 4
5 ASB is a major shareholder and also the largest shareholder of Sime Darby holding % equity interest in Sime Darby as at 23 June Accordingly, ASB is deemed interested in the Proposed Disposal. PNB and ASB are collectively referred to as Interested Shareholders Interested Directors Tan Sri Dato Sri Dr Wan Abdul Aziz Wan Abdullah is a Non-Independent Non-Executive Director and the Deputy Chairman of Sime Darby. He is a Director of PNB and representative of PNB on the Board of Directors of Sime Darby. Tan Sri Datuk Dr Yusof Basiran, Muhammad Lutfi, Datuk Dr Mohd Daud Bakar and Zainal Abidin Jamal are Non-Independent Non-Executive Directors of Sime Darby and representatives of PNB on the Board of Directors of Sime Darby. As such, Tan Sri Dato Sri Dr Wan Abdul Aziz Wan Abdullah, Tan Sri Datuk Dr Yusof Basiran, Muhammad Lutfi, Datuk Dr Mohd Daud Bakar and Zainal Abidin Jamal (collectively the Interested Directors ) are deemed interested in the Proposed Disposal and have abstained and will continue to abstain from deliberating and voting pertaining to the Proposed Disposal at the relevant meetings of the Board of Directors of Sime Darby Transactions with Interested Shareholders The transactions between the subsidiaries of Sime Darby which involves the interest of PNB for the preceding 12 months, from 29 June 2016 to 29 June 2017, are as follows: Company Sime Darby Plantation Sdn Bhd, a whollyowned subsidiary of Sime Darby Transacting Parties Yong Peng Realty Sdn Bhd ( YPR ) and Perusahaan Minyak Sawit Bintang Sdn Bhd ( PMSB ), both indirect wholly-owned subsidiaries of PNB Nature of Transaction Proposed acquisitions of the assets of YPR and PMSB ( Transaction 1 ) Amount (RM million) Applicable Percentage Ratio % The Glengowrie Rubber Company Sdn Berhad, an indirect 93.3%- owned subsidiary of Sime Darby Petaling Garden Sdn Bhd, an indirect wholly-owned subsidiary of PNB Disposal of land in Glengowrie estate ( Transaction 2 ) % Total % 11. PERCENTAGE RATIO APPLICABLE PURSUANT TO PARAGRAPH 10.02(G) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD The highest percentage ratio applicable to the Proposed Disposal is 0.26% based on the audited consolidated financial statements of Sime Darby for the financial year ended 30 June The highest aggregate percentage ratio for all the transactions between Sime Darby and the Interested Shareholders pursuant to Paragraph 10.12(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, namely Transaction 1, Transaction 2 and 5
6 the Proposed Disposal is 1.92%. As such, the Proposed Disposal is not subject to Sime Darby s shareholders approval and only requires an announcement. 12. GOVERNANCE AND AUDIT COMMITTEE ( GAC ) STATEMENT The GAC of the Board of Directors of Sime Darby, having considered all aspects of the Proposed Disposal, including but not limited to the basis and justification for the Consideration, the rationale for the Proposed Disposal and the salient terms of the SPA, is of the opinion that the Proposed Disposal is: in the best interest of the Sime Darby Group; fair, reasonable and on the Sime Darby Group s normal commercial terms; and not detrimental to the interest of the minority shareholders of Sime Darby. 13. DIRECTORS STATEMENT The Board of Directors of Sime Darby (save for the Interested Directors), having considered all aspects of the Proposed Disposal, is of the opinion that the Proposed Disposal is in the best interest of Sime Darby. 14. DOCUMENTS FOR INSPECTION The SPA is available for inspection during normal business hours at the registered office of Sime Darby at 19 th Floor, Wisma Sime Darby, Jalan Raja Laut, Kuala Lumpur, Malaysia, from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 29 June
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1.0 INTRODUCTION The Board of Directors of Ekovest ( Board ), wishes to announce that our wholly-owned subsidiary, Ekovest Capital Sdn Bhd (formerly known as Prompt Capital Sdn Bhd) ( Ekovest Capital ),
More informationThe authorised and issued and paid-up share capital of WII are set out below: Ordinary shares of RM1.00 each 9,000,000 9,000,000.
WEIDA (M) BHD ("WEIDA" or the Company ) - PROPOSED ACQUISITION OF LAND LOCATED AT LOT 35, BLOCK 4 MUARA TEBAS LAND DISTRICT, KUCHING, SARAWAK COVERING AN AREA OF 40,140 SQUARE METRES BY WEIDA INTEGRATED
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JKG LAND BERHAD ( JKG OR THE COMPANY ) DISPOSAL OF PROPERTIES TO RELATED PARTY BY JKG CENTRAL PARK SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF JKG 1. INTRODUCTION The Board of Directors of JKG ( Board ) wishes
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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
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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
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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 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 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
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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
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Company Name : TROPICANA CORPORATION BERHAD Stock Name : TROP Stock Code : 5401 Type : Announcement Subject : TRANSACTION Description : TROPICANA CORPORATION BERHAD ( TROPICANA ) DISPOSAL OF OFFICE PREMISES
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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
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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
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Form Version 7 (Enhanced) Initiated by BRITISH AMERICAN TOBACCO on 20/08/2010 03:42:53 PM Submitted by BRITISH AMERICAN TOBACCO on 08/10/2010 05:04:02 PM Reference No BA-100820-56572 Submitted Company
More 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
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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
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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
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GENERAL ANNOUNCEMENT AXIS REAL ESTATE INVESTMENT TRUST ( AXIS-REIT OR FUND ) PROPOSED DISPOSAL BY AXIS-REIT OF A 4-STOREY PURPOSE-BUILT OFFICE BUILDING BUILT ON FREEHOLD LAND HELD UNDER GRN 207772/LOT
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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
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SELANGOR DREDGING BERHAD ( SDB OR COMPANY ) PROPOSED DISPOSAL OF WISMA SELANGOR DREDGING FOR A CASH CONSIDERATION OF RM480,000,000 1. INTRODUCTION On behalf of the Board of Directors of the Company ( Board
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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
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MALAYSIAN RESOURCES CORPORATION BERHAD ( MRCB OR COMPANY ) - PROPOSED ACQUISITION BY MRCB LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MRCB OF 1,000,000 ORDINARY SHARES OF RM1.00 EACH IN NILAITERA SDN BHD
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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
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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,
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PROPOSED DISPOSAL BY AMANAH HARTA TANAH PNB TO MR. TIONG PING AND MS. CHIONG AI LIAN OF A FOUR (4) STOREY CORNER SHOPHOUSE IDENTIFIED AS LOT 335, 22-J, SECTION 9, OFF JALAN RUBBER, 93400 KUCHING, SARAWAK
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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
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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 ),
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QAF LIMITED (Company Registration No.: 195800035D) (Incorporated in the Republic of Singapore) (the Company ) PROPOSED SALE OF SHARES IN GARDENIA BAKERIES (K.L.) SDN BHD 1. INTRODUCTION 1.1 Proposed Sale.
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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
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A OU CEME T TA CO HOLDI GS BERHAD ( TA CO or COMPA Y ) PROPOSED DISPOSAL OF TWE TY FOUR (24) PIECES OF FREEHOLD A D VACA T LA D IDE TIFIED AS HS(D) 13108-13131 LOT 2795-2818, MUKIM PASIR PA JA G, PORT
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ANNOUNCEMENT SUBJECT: TRANSACTION (CHAPTER 10 OF LISTING REQUIREMENTS) GABUNGAN AQRS BERHAD ("GBGAQRS" OR THE COMPANY") Related Party Transactions on Sale of Shop-Office Unit to Person Related to Directors
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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
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DKLS INDUSTRIES BERHAD (369472-P) PROPOSED DISPOSAL OF A PROPERTY IN MELBOURNE, AUSTRALIA BY DKLS AUST PTY LTD ON BEHALF OF DKLS AUST TRUST FOR A TOTAL CONSIDERATION OF AUD15,000,000 (EQUIVALENT TO RM45.501
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GLOBAL ORIENTAL BERHAD ( GOB or COMPANY ) PROPOSED SUBSCRIPTION AND ACQUISITION 1. INTRODUCTION The Board of Directors of GOB ( Board ) wishes to announce that the Company had on 22 December 2017 entered
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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
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KULIM (MALAYSIA) BERHAD ( KULIM OR THE COMPANY ) PROPOSED ACQUISITION OF 14.0 ACRES OF INDUSTRIAL LAND HELD UNDER PTD 155663 HS (D) 303856 MUKIM PLENTONG BY KULIM (MALAYSIA) BERHAD ( KULIM ) FROM JOHOR
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PROPOSED ACQUISITION FOR 70% INTEREST OF THE TWO (2) UNITS OF DETACHED COMMERCIAL BUILDING BLOCKS BY ADVANCE SYNERGY REALTY SDN BHD ( ASR ), A WHOLLY-OWNED SUBSIDIARY OF ADVANCE SYNERGY BERHAD ( ASB OR
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ANNOUNCEMENT UNITED MALAYAN LAND BHD ( UMLand or the Company ) SHAREHOLDERS AGREEMENT BETWEEN SERI ALAM PROPERTIES SDN BHD (SERI ALAM), A WHOLLY OWNED SUBSIDIARY OF UMLAND, AND RAFFLES CAMPUS PTE LTD (RAFFLES)
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- 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
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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
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TIEN WAH PRESS HOLDINGS BERHAD ( TWPH or the Company ) RELATED PARTY TRANSACTION - Disposal of Assets by Tien Wah Press (Malaya) Sdn. Bhd. to Paper Base Converting Sdn. Bhd. 1. INTRODUCTION Reference is
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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
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LATITUDE TREE HOLDINGS BERHAD ( LTHB OR THE COMPANY ) - IN-PRINCIPLE AGREEMENT ENTERED INTO BETWEEN L-TREE RESOURCES SDN. BHD., A WHOLLY-OWNED SUBSIDARY OF THE COMPANY AND INVESTMENT AND INDUSTRIAL DEVELOPMENT
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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
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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 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
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