TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS COMFORT GLOVES BERHAD ("CGB" or "The Company") ACQUISITION OF LANDS BY COMFORT RUBBER GLOVES INDUSTRIES SDN. BHD. (CRGI), A WHOLLY OWNED SUBSIDIARY OF CGB, TWO PIECES OF AGRICULTURE LAND HELD UNDER GERAN 80472 AND GERAN 80519, LOT 1244 AND LOT 1291, BOTH IN MUKIM SUNGAI LIMAU, DISTRICT LARUT & MATANG, PERAK MEASURING APPROXIMATELY 15,820 SQ. METRES AND 18,750 SQ. METRES FROM RELATED PARTY, MR. CHEANG PHOY KEN, FOR A TOTAL CASH CONSIDERATION OF RM1,900,000.00
| COMFORT GLOVES BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | COMFORT GLOVES BERHAD ("CGB" or "The Company")
ACQUISITION OF LANDS BY COMFORT RUBBER GLOVES INDUSTRIES SDN. BHD. (CRGI), A WHOLLY OWNED SUBSIDIARY OF CGB, TWO PIECES OF AGRICULTURE LAND HELD UNDER GERAN 80472 AND GERAN 80519, LOT 1244 AND LOT 1291, BOTH IN MUKIM SUNGAI LIMAU, DISTRICT LARUT & MATANG, PERAK MEASURING APPROXIMATELY 15,820 SQ. METRES AND 18,750 SQ. METRES FROM RELATED PARTY, MR. CHEANG PHOY KEN, FOR A TOTAL CASH CONSIDERATION OF RM1,900,000.00 |
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We refer to our announcement dated 27 November 2019 in relation to the Proposed Acquisition of Lands by Comfort Rubber Gloves Industries Sdn. Bhd. (CRGI), a wholly owned subsidiary of CGB.
Pursuant to Paragraph 9.19(47)(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of CGB wishes to announce that the Proposed Acquisition of Lands by Comfort Rubber Gloves Industries Sdn. Bhd. (CRGI), a wholly owned subsidiary of CGB has been completed in accordance with the terms and conditions of the Sale and Purchase Agreement dated 27 November 2019.
This announcement is dated 23 March 2020. |
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Announcement Info
| Company Name | COMFORT GLOVES BERHAD |
| Stock Name | COMFORT |
| Date Announced | 23 Mar 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03032020-00029 |