KIMLUN

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KIMLUN CORPORATION BERHAD ("KIMLUN" or "THE COMPANY") PROPOSED ACQUISITION BY KII MELODIA SDN BHD, AN INDIRECT SUBSIDIARY OF KIMLUN, OF TWO PLOTS OF FREEHOLD COMMERCIAL LAND IN THE MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR FROM SERI ALAM PROPERTIES SDN BHD ("PROPOSED ACQUISITION").

KIMLUN CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
KIMLUN CORPORATION BERHAD ("KIMLUN" or "THE COMPANY")

PROPOSED ACQUISITION BY KII MELODIA SDN BHD, AN INDIRECT SUBSIDIARY OF KIMLUN, OF TWO PLOTS OF FREEHOLD COMMERCIAL LAND IN THE MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR FROM SERI ALAM PROPERTIES SDN BHD ("PROPOSED ACQUISITION").

Pursuant to Paragraph 10.06 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”), the Board of Directors of KIMLUN (“the Board”) wishes to announce that Kii Melodia Sdn Bhd [Registration No. 202001036568 (1392889-M)] (“KMLDSB” or the “Purchaser”), an indirect subsidiary of KIMLUN, had on 4 January 2021 entered into a Sale and Purchase Agreement (“SPA”) with Seri Alam Properties Sdn Bhd [Registration No. 197801004597(41628-A)] (“SAPSB” or the “Vendor”) on the purchase of two plots of freehold commercial land in the Mukim of Plentong, District of Johor Bahru, Johor (“the Properties”), for a total cash consideration of RM40,500,000.00 (“Purchase Price”), which translate to about RM83.61 per square foot.

 

Kindly refer to the attachments as per Appendix I, Appendix A and Appendix B for further details.




Please refer attachment below.



Announcement Info

Company Name KIMLUN CORPORATION BERHAD
Stock Name KIMLUN
Date Announced 05 Jan 2021
Category General Announcement for PLC
Reference Number GA1-04012021-00036