TEKSENG

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TEK SENG HOLDINGS BERHAD (TEK SENG OR THE COMPANY) PURCHASE OF PROPERTIES BY WANGSAGA INDUSTRIES SDN. BHD., A WHOLLY-OWNED SUBSIDIARIES OF TEK SENG

TEK SENG HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
TEK SENG HOLDINGS BERHAD (TEK SENG OR THE COMPANY)

PURCHASE OF PROPERTIES BY WANGSAGA INDUSTRIES SDN. BHD., A WHOLLY-OWNED SUBSIDIARIES OF TEK SENG

The Board of Directors (“Board”) of Tek Seng wishes to announce that Wangsaga Industries Sdn. Bhd., a wholly-owned subsidiary of Tek Seng (“WISB”) and Tek Seng Properties & Development Sdn. Bhd. (“TPSB”) (collectively, the “Purchasers”) had on  14 January 2021  entered into a Conditional Sale and Purchase Agreement (“SPA”) with Limsa Ekuiti Sdn. Bhd. (“Vendor” or “LESB”), to jointly acquire a parcel of industrial land formed by nine (9) adjoining lots (“Land”) and warehouse and structure erected thereon measuring approximately 853,863 square feet, held under Geran Mukim 996, 997, 998, 988, 989, 991, 992, 993 and 994, Lot Nos. 324, 640, 642, 1504, 1505, 1664, 1667, 1669 and 1702, all within Mukim 14, Daerah Seberang Perai Tengah, Negeri Pulau Pinang (“Property”) for a total cash consideration of RM46,962,465.00 (“Purchase Consideration”) (“Transaction”).

 

Please refer to the attached announcement for further details.

 

This announcement is dated 14 January 2021.




Please refer attachment below.



Announcement Info

Company Name TEK SENG HOLDINGS BERHAD
Stock Name TEKSENG
Date Announced 14 Jan 2021
Category General Announcement for PLC
Reference Number GA1-14012021-00087