TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS NATIONWIDE EXPRESS HOLDINGS BERHAD ("NEHB" OR THE "COMPANY") PROPOSED DISPOSAL BY NATIONWIDE EXPRESS COURIER SERVICES BERHAD, A WHOLLY-OWNED SUBSIDIARY COMPANY OF NEHB OF A PARCEL OF LEASEHOLD INDUSTRIAL LAND HELD UNDER HSD 168513, TOWN OF SHAH ALAM, DISTRICT OF PETALING, SELANGOR DARUL EHSAN TOGETHER WITH BUILDINGS ERECTED ON THE LAND ("PROPERTY") TO RUBICON LEXINGTON SDN BHD, FOR A DISPOSAL CONSIDERATION OF RM19,400,000 TO BE SATISFIED VIA CASH ("PROPOSED DISPOSAL")
| NATIONWIDE EXPRESS HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | NATIONWIDE EXPRESS HOLDINGS BERHAD ("NEHB" OR THE "COMPANY")
PROPOSED DISPOSAL BY NATIONWIDE EXPRESS COURIER SERVICES BERHAD, A WHOLLY-OWNED SUBSIDIARY COMPANY OF NEHB OF A PARCEL OF LEASEHOLD INDUSTRIAL LAND HELD UNDER HSD 168513, TOWN OF SHAH ALAM, DISTRICT OF PETALING, SELANGOR DARUL EHSAN TOGETHER WITH BUILDINGS ERECTED ON THE LAND ("PROPERTY") TO RUBICON LEXINGTON SDN BHD, FOR A DISPOSAL CONSIDERATION OF RM19,400,000 TO BE SATISFIED VIA CASH ("PROPOSED DISPOSAL") |
|
On behalf of the Board of Directors of NEHB (“Board”), Kenanga Investment Bank Berhad (“Kenanga IB”) wishes to announce that Nationwide Express Courier Services Berhad, a wholly-owned subsidiary of NEHB had on 8 July 2020 entered into a conditional sale and purchase agreement with the Rubicon Lexington Sdn Bhd for the disposal of Property for a consideration of RM19,400,000 to be satisfied via cash.
Please refer to the attachment for further details of the announcement in relation to the Proposed Disposal.
This announcement is dated 8 July 2020. |
|
Please refer attachment below.
Announcement Info
| Company Name | NATIONWIDE EXPRESS HOLDINGS BERHAD |
| Stock Name | NATWIDE |
| Date Announced | 08 Jul 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08072020-00055 |