RESINTC

0.455

-0.025 (-5.2%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS RESINTECH BERHAD ("RB" or "the Company") ACQUISITION OF PROPERTY BY RESINTECH PLASTICS (M) SDN. BHD., A WHOLLY-OWNED SUBSIDARY OF THE COMPANY FROM RELATED PARTY, RESINTECH HOLDINGS SDN. BHD.

RESINTECH BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
RESINTECH BERHAD ("RB" or "the Company")
ACQUISITION OF PROPERTY BY RESINTECH PLASTICS (M) SDN. BHD., A WHOLLY-OWNED SUBSIDARY OF THE COMPANY FROM RELATED PARTY, RESINTECH HOLDINGS SDN. BHD.

Pursuant to Paragraph 10.08(1) of Bursa Malaysia Securities Berhad’s (“Bursa”) Main Market Listing Requirements (“Listing Requirements”), the Board of Directors of Resintech Berhad (“the Company) wishes to announce that its wholly-owned subsidiary, Resintech Plastics (M) Sdn. Bhd. ("RPSB" or "Purchaser") had on 15 December 2020 entered into a Sale and Purchase Agreements ("SPA”) with Resintech Holding Sdn. Bhd. (“RHSB” or “Vendor”) (formerly known as Kang Heng Enterprise Sdn. Bhd.) to acquire of the industrial property with an aggregate gross area measuring approximately 843.095 square meters (9,075 square feet) located at Lot No. PT 14228, HS(D) 128469, Pekan Pandamaran, District of Klang, State of Selangor Darul Ehsan for a total consideration of RM1,590,000.00 (”Proposed Acquisition”).

Please refer to the attachment for further details on the Proposed Acqusition.

This announcement is dated 15 December 2020.




Please refer attachment below.



Announcement Info

Company Name RESINTECH BERHAD
Stock Name RESINTC
Date Announced 15 Dec 2020
Category General Announcement for PLC
Reference Number GA1-14122020-00034