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Annual Report
2018
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Announcements

Date: 05 December 2017

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS BERTAM ALLIANCE BERHAD ("BERTAM" OR THE "COMPANY") PROPOSED ACQUISITION OF A PIECE OF LAND HELD UNDER COUNTRY LEASE ("CL") 215465802 MEASURING APPROXIMATELY 1.709 HECTARE SITUATED AT KG KEPAYAN, DISTRICT OF PENAMPANG ("LOT G LAND") FOR A TOTAL CASH CONSIDERATION OF RM16.3 MILLION ("PROPOSED ACQUISITION")


Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description BERTAM ALLIANCE BERHAD ("BERTAM" OR THE "COMPANY") PROPOSED ACQUISITION OF A PIECE OF LAND HELD UNDER COUNTRY LEASE ("CL") 215465802 MEASURING APPROXIMATELY 1.709 HECTARE SITUATED AT KG KEPAYAN, DISTRICT OF PENAMPANG ("LOT G LAND") FOR A TOTAL CASH CONSIDERATION OF RM16.3 MILLION ("PROPOSED ACQUISITION")

The Board of Directors of Bertam wishes to announce the proposed acquisition by Wow Land Sdn Bhd of a piece of land held under CL 215465802 measuring approximately 1.709 hectares situated at Kg Kepayan, District of Penampang (?Lot G Land?).

On 15 December 2017, WLSB entered into a sale and purchase agreement with Jumat Bin Laiyo to acquire Lot G Land for a total cash consideration of RM16.3 million.

WLSB is a wholly owned subsidiary of Bertam Development Sdn Bhd, which in turn is a wholly owned subsidiary of Bertam. 

Further details of the Proposed Acquisition are set out in the attachment.

This announcement is dated 15 December 2017.

 



 


ATTACHMENT

- BAB-Lot-G-Ann_Final_15_12_17.pdf

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