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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL OF PROPERTY BY SPARKLE GATEWAY SDN. BHD., A WHOLLY-OWNED SUB-SUBSIDIARY OF ATTA TO ISEC (PENANG) SDN. BHD.

ATTA GLOBAL GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED DISPOSAL OF PROPERTY BY SPARKLE GATEWAY SDN. BHD., A WHOLLY-OWNED SUB-SUBSIDIARY OF ATTA TO ISEC (PENANG) SDN. BHD.

The Board of Directors of ATTA wishes to announce that on 16 January 2020, Sparkle Gateway Sdn. Bhd. [201601023060 (1193999-P)] (“SGSB” or “the Vendor”), a wholly-owned sub-subsidiary of the Company has entered into a Sale and Purchase Agreement (“SPA”) with ISEC (Penang) Sdn. Bhd. [201201006571 (980096-D)] (“ISEC” or “the Purchaser”) for the disposal of the following property for a total consideration of RM18,100,000.00 (“the Purchase Price”):

Description of Property

All that property known as No. Lot 1047, Section 13, Bandar Georgetown, Daerah Timur Laut, Penang comprised in Geran No. 8892 with premises erected thereon now bearing address No. 56, Jalan Larut, 10050 Penang (“the said Property”).

(herein referred to as "Proposed Disposal")

Please refer to the attached file for the full text of the Announcement.

This announcement is dated 16 January 2020.




Please refer attachment below.



Announcement Info

Company Name ATTA GLOBAL GROUP BERHAD
Stock Name ATTA
Date Announced 16 Jan 2020
Category General Announcement for PLC
Reference Number GA1-13012020-00088