TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TSR CAPITAL BERHAD ("TSR" OR THE "COMPANY") PROPOSED DISPOSAL BY TSR MUTIARA SDN BHD (formerly known as SATU KAHWIN SDN BHD) ("TMSB" OR THE "VENDOR"), A WHOLLY-OWNED INDIRECT SUBSIDIARY OF TSR, OF A PIECE OF FREEHOLD LAND MEASURING APPROXIMATELY 5,078 SQUARE METRES, HELD UNDER GRN 111859, LOT NO. 67322, MUKIM OF SUNGAI BULOH, DISTRICT OF PETALING, SELANGOR DARUL EHSAN TO INWIN PROPERTIES SDN BHD, FOR A TOTAL DISPOSAL CONSIDERATION OF RM48,100,800 TO BE SATISFIED ENTIRELY VIA CASH
| TSR CAPITAL BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | TSR CAPITAL BERHAD ("TSR" OR THE "COMPANY")
PROPOSED DISPOSAL BY TSR MUTIARA SDN BHD (formerly known as SATU KAHWIN SDN BHD) ("TMSB" OR THE "VENDOR"), A WHOLLY-OWNED INDIRECT SUBSIDIARY OF TSR, OF A PIECE OF FREEHOLD LAND MEASURING APPROXIMATELY 5,078 SQUARE METRES, HELD UNDER GRN 111859, LOT NO. 67322, MUKIM OF SUNGAI BULOH, DISTRICT OF PETALING, SELANGOR DARUL EHSAN TO INWIN PROPERTIES SDN BHD, FOR A TOTAL DISPOSAL CONSIDERATION OF RM48,100,800 TO BE SATISFIED ENTIRELY VIA CASH |
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On behalf of the Board of Directors of TSR Capital Berhad ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOB Kay Hian") is pleased to announce that TMSB, a wholly-owned subsidiary of TSR Mix Sdn Bhd, which is in turn a subsidiary of TSR, has on 22 January 2020 entered into a conditional sale and purchase agreement with Inwin Properties Sdn Bhd ("Purchaser") for the disposal of a piece of freehold land measuring approximately 5,078 square metres, held under GRN 111859, Lot No. 67322, Mukim of Sungai Buloh, District of Petaling, Selangor Darul Ehsan for a total disposal consideration of RM48,100,800 to be satisfied entirely via cash ("Proposed Disposal").
Further details of the Proposed Disposal are set out in the attachment enclosed.
This announcement is dated 22 January 2020. |
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Please refer attachment below.
Announcement Info
| Company Name | TSR CAPITAL BERHAD |
| Stock Name | TSRCAP |
| Date Announced | 22 Jan 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22012020-00017 |