TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SEG INTERNATIONAL BHD ("SEGi" OR THE "COMPANY") PROPOSED ENTERING INTO A LEASING ARRANGEMENT WITH HCK CAPITAL GROUP BERHAD GROUP OF COMPANIES FOR THE LEASING OF PART OF A DEVELOPMENT NAMELY, EDUMETRO @ SUBANG JAYA, BY SEGi COLLEGE (SUBANG JAYA) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF SEGi ("PROPOSED TRANSACTION")
| SEG INTERNATIONAL BHD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | SEG INTERNATIONAL BHD ("SEGi" OR THE "COMPANY")
PROPOSED ENTERING INTO A LEASING ARRANGEMENT WITH HCK CAPITAL GROUP BERHAD GROUP OF COMPANIES FOR THE LEASING OF PART OF A DEVELOPMENT NAMELY, EDUMETRO @ SUBANG JAYA, BY SEGi COLLEGE (SUBANG JAYA) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF SEGi
("PROPOSED TRANSACTION") |
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On behalf of the Board of Directors of SEGi ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOB Kay Hian") is pleased to announce that SEGi College (Subang Jaya) Sdn. Bhd., a wholly-owned subsidiary of SEGi has on 8 July 2020, entered into an agreement to lease with HCK Capital Holdings Sdn. Bhd. ("HCHSB" or "Lessor"), a wholly-owned subsidiary of HCK Capital Group Berhad ("HCK"), agreeing to lease Tower D and part of the podium of a development namely, Edumetro @ Subang Jaya, which is held under the master title known as PN 97567, Lot 74746, Pekan Penaga, Daerah Petaling, Selangor Darul Ehsan at the address of Lot 74746, Persiaran Subang Permai, USJ 1, Subang Jaya, Selangor Darul Ehsan ("Leased Property") for a leasing tenure of 12 years commencing from the lease commencement date.
Further details of the Proposed Transaction is set out in the attachment enclosed.
This announcement is dated 8 July 2020. |
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Please refer attachment below.
Announcement Info
| Company Name | SEG INTERNATIONAL BHD |
| Stock Name | SEG |
| Date Announced | 08 Jul 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08072020-00069 |