TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SDS GROUP BERHAD ("SDSG" OR THE "COMPANY") PROPOSED ACQUISITION BY LONDON BAKERY SDN BHD ("LBSB" OR THE "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF SDSG, OF A FREEHOLD LAND HELD UNDER GERAN 29534, LOT 900, IN THE MUKIM OF TEBRAU, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR FROM KEMPAS GREEN DEVELOPMENT SDN BHD ("KGD" OR THE "VENDOR") FOR A TOTAL CASH CONSIDERATION OF RM101,701,710.00 ("PROPOSED ACQUISITION")
| SDS GROUP BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SDS GROUP BERHAD ("SDSG" OR THE "COMPANY")
PROPOSED ACQUISITION BY LONDON BAKERY SDN BHD ("LBSB" OR THE "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF SDSG, OF A FREEHOLD LAND HELD UNDER GERAN 29534, LOT 900, IN THE MUKIM OF TEBRAU, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR FROM KEMPAS GREEN DEVELOPMENT SDN BHD ("KGD" OR THE "VENDOR") FOR A TOTAL CASH CONSIDERATION OF RM101,701,710.00 ("PROPOSED ACQUISITION") |
|
On behalf of the Board of Directors of SDSG, UOB Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) wishes to announce that LBSB had, on 30 January 2026, entered into a conditional sale and purchase agreement with KGD for the acquisition of a freehold land held under Geran 29534, Lot 900, in the Mukim of Tebrau, District of Johor Bahru, State of Johor, measuring 143,157.3188 square metres (equivalent to approximately 1,540,931 square feet) (“Subject Property”) for a total cash consideration of RM101,701,710.00.
The Proposed Acquisition is in line with SDSG and its subsidiaries’ (“SDSG Group” or the “Group”) long-term strategy to expand its production capacity and strengthen its earnings base and market positioning. The Subject Property is strategically located directly opposite the Group’s existing operational facilities, which is expected to facilitate operational integration, improve logistical efficiency and enable more effective utilisation of shared resources. The Group intends to construct a new manufacturing facility on the Subject Property (“Proposed Development”), which is expected to be equipped with purpose-built production lines, including the requisite machineries, equipment and tools, for the production and packaging of the Group’s products in line with its growth requirements.
Further details of the Proposed Acquisition are set out in the attachment below.
This announcement is dated 30 January 2026. |
|
Please refer attachment below.
Announcement Info
| Company Name | SDS GROUP BERHAD |
| Stock Name | SDS |
| Date Announced | 30 Jan 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-30012026-00045 |