AYS

0.480

+0.01 (+2.1%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS AYS VENTURES BERHAD ("AYS" OR THE "COMPANY") PROPOSED ACQUISITION OF FREEHOLD LAND BY ANN YAK SIONG HARDWARE SDN BHD, A WHOLLY OWNED SUBSIDIARY OF THE COMPANY

AYS VENTURES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
AYS VENTURES BERHAD ("AYS" OR THE "COMPANY") 
PROPOSED ACQUISITION OF FREEHOLD LAND BY ANN YAK SIONG HARDWARE SDN BHD, A WHOLLY OWNED SUBSIDIARY OF THE COMPANY

The Board of Directors of the Company wishes to announce that the Company’s wholly-owned subsidiary, Ann Yak Siong Hardware Sdn Bhd had on 16 December 2020  entered into a Sale and Purchase Agreement to acquire a piece of freehold land held under individual title no. H.S.(D) 165125, PT 84462, Mukim Kapar, Daerah Klang, Negeri Selangor, measuring approximately 9.514 hectares / 23.510 acres / 95,144 square meters from Golden Valley Industries Sdn Bhd for a total cash consideration of RM43,012,015.20 (“Proposed Acquisition”). 

 

Please refer to the attachment for details of the Proposed Acquisition.

 

This announcement is dated 16 December 2020.




Please refer attachment below.



Announcement Info

Company Name AYS VENTURES BERHAD
Stock Name AYS
Date Announced 16 Dec 2020
Category General Announcement for PLC
Reference Number GA1-15122020-00122