ECOFIRS

0.360

+0.005 (+1.4%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ECOFIRST CONSOLIDATED BHD ("ECB" OR "THE COMPANY") - PROPOSED ACQUISITION BY ECOFIRST WORLDWIDE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ECB, OF ALL THAT PIECE OF LEASEHOLD LAND MEASURING AN AREA APPROXIMATELY 19,243 SQUARE METRES HELD UNDER PN 115434 LOT 87187 (FORMERLY HELD UNDER H.S.(D) 260105 PT 23658) MUKIM BUKIT RAJA, DAERAH PETALING, NEGERI SELANGOR ("PROPOSED ACQUISITION") - ADDITIONAL INFORMATION

ECOFIRST CONSOLIDATED BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
ECOFIRST CONSOLIDATED BHD ("ECB" OR "THE COMPANY") - PROPOSED ACQUISITION BY ECOFIRST WORLDWIDE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ECB, OF ALL THAT PIECE OF LEASEHOLD LAND MEASURING AN AREA APPROXIMATELY 19,243 SQUARE METRES HELD UNDER PN 115434 LOT 87187 (FORMERLY HELD UNDER H.S.(D) 260105 PT 23658) MUKIM BUKIT RAJA, DAERAH PETALING, NEGERI SELANGOR ("PROPOSED ACQUISITION")
- ADDITIONAL INFORMATION

Reference is made to the Company's announcement dated 15 October 2020 in relation to the Proposed Acquistion (“Announcement”). Unless otherwise defined, the defined terms used in this announcement shall carry the same meaning as those defined in the Announcement.

 

Further to the Announcement, the Company wishes to provide the following additional information in relation to the valuation of the Land:

 

  1. Date of Valuation : 8 October 2020
  2. Method of Valuation : Comparison Approach & Income Approach (Residual Method) as a check

 

This announcement is dated 16 October 2020.






Announcement Info

Company Name ECOFIRST CONSOLIDATED BHD
Stock Name ECOFIRS
Date Announced 16 Oct 2020
Category General Announcement for PLC
Reference Number GA1-16102020-00070