AVI

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OTHERS AVILLION BERHAD ("AVILLION OR THE COMPANY") LETTER OF OFFER TO PURCHASE LANDS OWNED BY THE COMPANY

AVILLION BERHAD

Type Announcement
Subject OTHERS
Description
AVILLION BERHAD ("AVILLION OR THE COMPANY")
LETTER OF OFFER TO PURCHASE LANDS OWNED BY THE COMPANY

The Board of Directors (“The Board”) of Avillion Berhad (“Avillion” or the “Company”) wishes to announce that Avillion had on 26 February 2020 received an unsolicited Letter of Offer from Guangxi East Hangyang Investment Group, a foreign Company unknown to Avillion, dated 21 February 2020 for the purchase of certain lands owned by Avillion located in Port Dickson.

 

The indicative price mentioned in the Letter of Offer is for a consideration of RM382,000,000.00 is subject to due diligence and final agreements such as land purchase agreements to be signed. The offer is valid for 30 days from the date of the letter.

 

The Board will proceed to consider the unsolicited offer and make further announcement with regards to this offer, as and when necessary. The Board would like to emphasise that this offer is unsolicited, and is subject to due diligence and agreements as may be imposed by the offeror.

 

The Board would also like to caution that there is no assurance of the said purchase of the land by the offeror will materialize due to the reasons mentioned above.

 

The Board at this juncture is unable to comment on the veracity of the offer and financial capability of the offeror. 

 

 

This announcement is dated 26 February 2020.






Announcement Info

Company Name AVILLION BERHAD
Stock Name AVI
Date Announced 26 Feb 2020
Category General Announcement for PLC
Reference Number GA1-26022020-00121