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CABNET

0.215

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS Cabnet Holdings Berhad ("Cabnet" or the "Company") - Sale and Purchase Agreement enter by Cabnet Systems (M) Sdn. Bhd., a wholly-owned subsidiary of Cabnet

CABNET HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
Cabnet Holdings Berhad ("Cabnet" or the "Company")
-	Sale and Purchase Agreement enter by Cabnet Systems (M) Sdn. Bhd., a wholly-owned subsidiary of Cabnet

Pursuant to Rule 10.06 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors’ of Cabnet wishes to announce that on 17 September 2019, the Company's wholly owned subsidiary, Cabnet Systems (M) Sdn. Bhd. (“the Purchaser”) has entered into a Sale and Purchase Agreement with Syarikat Asia Mechanical Engineering Sdn. Bhd. (“the Vendor”) for the acquisition of all that piece of 60 years leasehold land (leasehold expiring 21 May 2053 per Land Title) held under HS(D) 210901 PTD 64082 Mukim Tebrau, Daerah Johor Bahru, Negeri Johor together with a detached factory erected thereon at the purchase price of Ringgit Malaysia Four Million One Hundred Thousand (RM4,100,000-00) only.

 

Full details of the announcement are as attached.

 

This announcement is dated 17 September 2019.




Please refer attachment below.

Attachments

Attachment SPA.pdf
198.1 kB



Announcement Info

Company Name CABNET HOLDINGS BERHAD
Stock Name CABNET
Date Announced 17 Sep 2019
Category General Announcement for PLC
Reference Number GA1-17092019-00071