We refer to our announcement on 27 November 2012 and 29 November 2012 with respect to the receipt and acceptance of Letter of Award (“LA”) and Supplementary Letter of Award (“SLA”). Unless otherwise defined, the definitions set out in the said announcements shall apply herein.

The Board of Directors of Fututech is pleased to announce that its wholly owned sub-subsidiary company, Ace Equity Sdn Bhd has on 5 December 2012 entered into two (2) separate sale and purchase agreements (“SPAs”) with Meridian Score Sdn Bhd (“MSSB” or the “Vendor”), to acquire two (2) units of 3 storey courtyard villa  (the said “Properties”) under the property development known as “Karisma Hill” at Seri Kembangan (the “Project”) for a total purchase consideration of RM5,182,200 (“Purchase Price”) (the “Acquisition”).

Please refer to the attachment for further details on the Acquisition.