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”) |
Further to the announcements made on 8 and 10 August 2012, the Board of Directors of PICORP wishes to inform that the subject-disposal has been completed pursuant to the Sale and Purchase Agreement dated 8 August 2012. |
Announcement Info
Company Name | PROGRESSIVE IMPACT CORPORATION BERHAD |
Stock Name | PICORP |
Date Announced | 24 Sept 2012 |
Category | General Announcement |
Reference No | CK-120924-40750 |