TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY SOLID INTEREST SDN. BHD. ("SISB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF AVALAND HOLDINGS BERHAD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF AVALAND BERHAD, OF NINE (9) ADJOINING PARCELS OF FREEHOLD DEVELOPMENT LAND MEASURING APPROXIMATELY 3.194 ACRES ALL LOCATED AT BANDAR KUALA LUMPUR ("LAND") FROM TANAHKU HOLDINGS SDN. BHD. ("THSB" OR "VENDOR") FOR A TOTAL PURCHASE CONSIDERATION OF RM148.8 MILLION
| AVALAND BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION BY SOLID INTEREST SDN. BHD. ("SISB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF AVALAND HOLDINGS BERHAD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF AVALAND BERHAD, OF NINE (9) ADJOINING PARCELS OF FREEHOLD DEVELOPMENT LAND MEASURING APPROXIMATELY 3.194 ACRES ALL LOCATED AT BANDAR KUALA LUMPUR ("LAND") FROM TANAHKU HOLDINGS SDN. BHD. ("THSB" OR "VENDOR") FOR A TOTAL PURCHASE CONSIDERATION OF RM148.8 MILLION |
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(Unless otherwise defined in this announcement, the terms used throughout this announcement shall have the same meaning as defined in the announcement dated 10 July 2025 in relation to the Proposed Acquisition.)
The Company wishes to announce that SISB had on 5 January 2026 received notification from its solicitors confirming that all conditions precedent of the Sale and Purchase Agreement (“SPA”) has been fulfilled and the SPA has become unconditional on 2 January 2026. .
This announcement is dated 5 January 2026. . |
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Announcement Info
| Company Name | AVALAND BERHAD |
| Stock Name | AVALAND |
| Date Announced | 05 Jan 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23122025-00010 |