AME

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS AME ELITE CONSORTIUM BERHAD ("AME" OR "COMPANY") PROPOSED ACQUISITION OF SEVENTY TWO (72) FREEHOLD INDUSTRIAL PLOTS MEASURING APPROXIMATELY 169.75 ACRES IN PHASE 3, SOUTHERN INDUSTRIAL & LOGISTICS CLUSTERS (SiLC) IN ISKANDAR PUTERI, JOHOR FOR AN INDICATIVE TOTAL PURCHASE CONSIDERATION OF APPROXIMATELY RM434.29 MILLION

AME ELITE CONSORTIUM BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
AME ELITE CONSORTIUM BERHAD ("AME" OR "COMPANY")

PROPOSED ACQUISITION OF SEVENTY TWO (72) FREEHOLD INDUSTRIAL PLOTS MEASURING APPROXIMATELY 169.75 ACRES IN PHASE 3, SOUTHERN INDUSTRIAL & LOGISTICS CLUSTERS (SiLC) IN ISKANDAR PUTERI, JOHOR FOR AN INDICATIVE TOTAL PURCHASE CONSIDERATION OF APPROXIMATELY RM434.29 MILLION

Unless otherwise defined, all terms used in this announcement shall have the same meanings as defined in the announcements dated 9 October 2020, 6 November 2020 and 7 December 2020 in relation to the Proposed Acquisitions.

 

On behalf of the Board of Directors of AME, RHB Investment Bank Berhad wishes to announce that the wholly-owned subsidiaries of AME, Pentagon and Greenhill had on 30 December 2020 entered into the following agreements:

 

(i)     a conditional sale and purchase agreement entered into by Pentagon to acquire thirty eight (38) plots of freehold industrial land in Mukim of Pulai, District of Johor Bahru, State of Johor all located within Phase 3 of SiLC, measuring approximately 37.09 hectares or approximately 91.64 acres in total land area ("Non-Bumi Plots") from UEM and NHSB for an indicative total cash consideration of approximately RM233.53 million ("Purchase Consideration 1") ("SPA 1"); and

 

(ii)     a conditional sale and purchase agreement entered into by Greenhill to acquire thirty four (34) plots of freehold industrial land in Mukim of Pulai, District of Johor Bahru, State of Johor all located within Phase 3 of SiLC, measuring approximately 31.61 hectares or approximately 78.11 acres in total land area ("Bumi Plots") from UEM and NHSB for an indicative total cash consideration of approximately RM200.76 million ("Purchase Consideration 2") ("SPA 2").

 

Details of the Proposed Acquisitions are set out in the attachment below.

 

This announcement is dated 30 December 2020.




Please refer attachment below.



Announcement Info

Company Name AME ELITE CONSORTIUM BERHAD
Stock Name AME
Date Announced 30 Dec 2020
Category General Announcement for PLC
Reference Number GA1-30122020-00032