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Annual Report
2017
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Announcements

Date: 22 January 2019

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

We refer to our earlier announcements dated 15 December 2017, 30 October 2018 and 16 November 2018.

The Board wishes to announce that all conditions precedent as set out in the sale and purchase agreement dated 15 December 2017 and the supplemental agreement dated 15 January 2018 have been satisfied on 21 November 2018. Accordingly, the Proposed Acquisition has become unconditional and the full payment of the balance purchase price of RM13.17 million has been made to Jumat on said date. In view of the above, the Board wishes to confirm that the Proposed Acquisition has been completed.

This announcement is dated 22 January 2019.





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