TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS PROGRESSIVE IMPACT CORPORATION BERHAD ("PICORP" or "the Company") PROPOSED DISPOSAL OF THE FOLLOWING PROPERTIES TO ALS TECHNICHEM (MALAYSIA) SDN BHD, A 59%-OWNED SUBSIDIARY OF THE COMPANY, FOR A TOTAL CASH CONSIDERATION OF RINGGIT MALAYSIA THIRTEEN MILLION:- (a) ALL THAT FREEHOLD INDUSTRIAL LAND HELD UNDER GRN 58855 LOT NO. 64269 MUKIM DAMANSARA AND BEARING POSTAL ADDRESS AS NO. 21, JALAN U8/84, BUKIT JELUTONG, SEKSYEN U8, 40150 SHAH ALAM, SELANGOR DARUL EHSAN; AND (B) ALL THAT FREEHOLD INDUSTRIAL LAND HELD UNDER GRN 58856 LOT NO. 64270 MUKIM DAMANSARA AND BEARING POSTAL ADDRESS AS NO. 19, JALAN ASTAKA U8/84, SEKSYEN U8, 40150 SHAH ALAM, SELANGOR DARUL EHSAN (“THE PROPOSED DISPOSAL”)
| PROGRESSIVE IMPACT CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROGRESSIVE IMPACT CORPORATION BERHAD ("PICORP" or "the Company") PROPOSED DISPOSAL OF THE FOLLOWING PROPERTIES TO ALS TECHNICHEM (MALAYSIA) SDN BHD, A 59%-OWNED SUBSIDIARY OF THE COMPANY, FOR A TOTAL CASH CONSIDERATION OF RINGGIT MALAYSIA THIRTEEN MILLION:- (a) ALL THAT FREEHOLD INDUSTRIAL LAND HELD UNDER GRN 58855 LOT NO. 64269 MUKIM DAMANSARA AND BEARING POSTAL ADDRESS AS NO. 21, JALAN U8/84, BUKIT JELUTONG, SEKSYEN U8, 40150 SHAH ALAM, SELANGOR DARUL EHSAN; AND (B) ALL THAT FREEHOLD INDUSTRIAL LAND HELD UNDER GRN 58856 LOT NO. 64270 MUKIM DAMANSARA AND BEARING POSTAL ADDRESS AS NO. 19, JALAN ASTAKA U8/84, SEKSYEN U8, 40150 SHAH ALAM, SELANGOR DARUL EHSAN (“THE PROPOSED DISPOSAL”) |
Please refer to the attachment on the subject matter. | |
Announcement Info
| Company Name | PROGRESSIVE IMPACT CORPORATION BERHAD |
| Stock Name | PICORP |
| Date Announced | 8 Aug 2012 |
| Category | General Announcement |
| Reference No | CK-120808-63821 |