UEMS

1.210

(%)

OTHERS UEM SUNRISE BERHAD ("UEMS" OR THE "COMPANY") HEADS OF AGREEMENT ("HOA") IN RELATION TO THE PROPOSED SALE OF SEVENTY-TWO (72) FREEHOLD INDUSTRIAL PLOTS MEASURING APPROXIMATELY 169.8 ACRES IN PHASE 3, SOUTHERN INDUSTRIAL & LOGISTICS CLUSTERS ("SILC") IN ISKANDAR PUTERI, JOHOR FOR A TOTAL CONSIDERATION OF RM434.3 MILLION ("PROPOSED SALE")

UEM SUNRISE BERHAD

Type Announcement
Subject OTHERS
Description
UEM SUNRISE BERHAD ("UEMS" OR THE "COMPANY") 
HEADS OF AGREEMENT ("HOA") IN RELATION TO THE PROPOSED SALE OF SEVENTY-TWO (72) FREEHOLD INDUSTRIAL PLOTS MEASURING APPROXIMATELY 169.8 ACRES IN PHASE 3, SOUTHERN INDUSTRIAL & LOGISTICS CLUSTERS ("SILC") IN ISKANDAR PUTERI, JOHOR FOR A TOTAL CONSIDERATION OF RM434.3 MILLION ("PROPOSED SALE")

We refer to our announcements dated 9 October 2020 and 6 November 2020 in relation to the above. Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the announcements.


The Company wishes to announce that the parties have mutually agreed to extend the validity period of the Signed HOA from 8 December 2020 to 31 December 2020. The parties are concluding the main terms and conditions of the Proposed Sale and are currently finalising the remaining provisions of the definitive agreements. Both parties are anticipating to execute these agreements by 31 December 2020.


This announcement is dated 7 December 2020.






Announcement Info

Company Name UEM SUNRISE BERHAD
Stock Name UEMS
Date Announced 07 Dec 2020
Category General Announcement for PLC
Reference Number GA1-07122020-00026