TURIYA

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MULTIPLE PROPOSALS TURIYA BERHAD ("TURIYA" OR THE "COMPANY") (I) PROPOSED ACQUISITION; AND (II) PROPOSED SUBSCRIPTION (COLLECTIVELY, THE "PROPOSALS")

TURIYA BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
TURIYA BERHAD ("TURIYA" OR THE "COMPANY")

(I)	PROPOSED ACQUISITION; AND 

(II)	PROPOSED SUBSCRIPTION

(COLLECTIVELY, THE "PROPOSALS")

On behalf of the Board of Directors of Turiya, Mercury Securities Sdn Bhd wishes to announce that Turiya Properties Sdn Bhd (“Turiya Properties”), a wholly-owned subsidiary of Turiya, had on 15 August 2025 entered into a conditional sale and purchase agreement with Maybank Trustees Berhad (acting solely in its capacity as trustee for and on behalf of Sentral REIT), for the proposed acquisition of an office building known as Wisma Sentral Inai (together with the parcel of freehold land thereon) for a total cash consideration of RM135.0 million (“Purchase Consideration”) (“Proposed Acquisition”)

 

To fund the Purchase Consideration, Turiya Properties has on even date entered into a conditional subscription agreement with Dato’ Sri Shamir Kumar Nandy (“Dato’ Sri Shamir”) (the Executive Chairman of Turiya and a Director of Turiya Properties) for the proposed subscription by Dato’ Sri Shamir of 135,000,000 redeemable preference shares (“RPS”) in Turiya Properties at a subscription price of RM1.00 for each RPS subscribed. (“Proposed Subscription”)

 

Please refer to the attachment below for further details on the Proposals.

 

This announcement is dated 15 August 2025.




Please refer attachment below.



Announcement Info

Company Name TURIYA BERHAD
Stock Name TURIYA
Date Announced 15 Aug 2025
Category General Announcement for PLC
Reference Number GA1-15082025-00056