TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS JOHAN HOLDINGS BERHAD ("JOHAN" OR THE "COMPANY") PROPOSED DISPOSAL BY PRESTIGE CERAMICS SDN BHD ("PCSB" OR THE "VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF JOHAN OF A PIECE OF FREEHOLD LAND MEASURING APPROXIMATELY 112,396 SQUARE METRES, HELD UNDER GRN 150651, LOT NO. 1115, BATU 15, JALAN PUCHONG, 47100 PUCHONG, SELANGOR DARUL EHSAN TO ASPECT POTENTIAL SDN BHD, FOR A TOTAL DISPOSAL CONSIDERATION OF RM127,000,000 TO BE SATISFIED VIA A COMBINATION OF CASH AND PAYMENTS IN KIND ("PROPOSED DISPOSAL")
| JOHAN HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | JOHAN HOLDINGS BERHAD ("JOHAN" OR THE "COMPANY")
PROPOSED DISPOSAL BY PRESTIGE CERAMICS SDN BHD ("PCSB" OR THE "VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF JOHAN OF A PIECE OF FREEHOLD LAND MEASURING APPROXIMATELY 112,396 SQUARE METRES, HELD UNDER GRN 150651, LOT NO. 1115, BATU 15, JALAN PUCHONG, 47100 PUCHONG, SELANGOR DARUL EHSAN TO ASPECT POTENTIAL SDN BHD, FOR A TOTAL DISPOSAL CONSIDERATION OF RM127,000,000 TO BE SATISFIED VIA A COMBINATION OF CASH AND PAYMENTS IN KIND ("PROPOSED DISPOSAL") |
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On behalf of the Board of Directors of Johan ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOB Kay Hian") is pleased to announce that following approval received from the shareholders of Johan for the Proposed Disposal at the Company's Extraordinary General Meeting today, the condition precedent of the sale and purchase agreement dated 27 November 2019 entered into between PCSB and Aspect Potential Sdn Bhd for the disposal by PCSB of a piece of freehold land measuring approximately 112,396 square metres, held under GRN 150651, Lot No. 1115, Batu 15, Jalan Puchong, 47100 Puchong, Selangor Darul Ehsan to Aspect Potential Sdn Bhd, for a total disposal consideration of RM127,000,000 to be satisfied via a combination of cash and payments in kind ("SPA") has been fulfilled today. Accordingly, the SPA has become unconditional today.
This announcement is dated 13 May 2020. |
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Announcement Info
| Company Name | JOHAN HOLDINGS BERHAD |
| Stock Name | JOHAN |
| Date Announced | 13 May 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13052020-00070 |