Bursa Announcements

Date : 09 January 2020

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS 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 SUBSIDIARY OF BENALEC HOLDINGS BERHAD, TO TITANIUM HALLMARK SDN BHD - UPDATE

BENALEC HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
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 SUBSIDIARY OF BENALEC HOLDINGS BERHAD, TO TITANIUM HALLMARK SDN BHD - UPDATE

Further to the announcement made on 31 October 2017, the Board of Directors of Benalec Holdings Berhad wishes to update that, after due consideration, 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 subsidiary of Benalec Holdings Berhad, collectively as the Vendors, had on 9 January 2020 terminated the disposal of lands pursuant to the sale and purchase agreement dated 30 October 2017 made between the Vendors and Titanium Hallmark Sdn Bhd as the Purchaser.

 

Please refer to the attachment for details of the announcement.

 

This announcement is dated 9 January 2020.




Please refer attachment below.



Announcement Info

Company Name BENALEC HOLDINGS BERHAD
Stock Name BENALEC
Date Announced 09 Jan 2020
Category General Announcement for PLC
Reference Number GA1-08012020-00041



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