Circular/Notice to Shareholders
| LANDMARKS BERHAD |
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE FOLLOWING: PART A PROPOSED ACQUISITION BY TIARA GATEWAY PTE LTD, A WHOLLY-OWNED SUBSIDIARY OF PRIMARY GATEWAY SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF LANDMARKS BERHAD ("LANDMARKS") OF THE RIGHTS AND INTEREST UNDER HAK GUNA BANGUNAN NO. 00105/SEBONG LAGOI IN RELATION TO A PARCEL OF LAND, IDENTIFIED AS LOT AR1 WISMA, LOCATED AT TREASURE BAY BINTAN, BINTAN ISLAND, REPUBLIC OF INDONESIA, HAVING A TOTAL ESTIMATED AREA OF 12,578 SQUARE METERS AND THE BUILDINGS CONSTRUCTED THEREON FOR A TOTAL CONSIDERATION OF SGD9.78 MILLION (EQUIVALENT TO APPROXIMATELY RM29.77 MILLION) TO BE SATISFIED THROUGH THE ISSUANCE OF 84,830,494 NEW ORDINARY SHARES IN LANDMARKS AT THE ISSUE PRICE OF RM0.34 EACH AND CASH CONSIDERATION OF SGD303,750 (EQUIVALENT TO APPROXIMATELY RM924,919), THROUGH THE PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN PT BUANA WISATAMA (PROPOSED ACQUISITION) PART B INDEPENDENT ADVICE LETTER FROM FHMH CORPORATE ADVISORY SDN BHD IN RELATION TO THE PROPOSED ACQUISITION AND NOTICE OF EXTRAORDINARY GENERAL MEETING |
Please refer attachment below.
Announcement Info
| Company Name | LANDMARKS BERHAD |
| Stock Name | LANDMRK |
| Date Announced | 15 Apr 2021 |
| Category | Document Submission |
| Reference Number | DCS-14042021-00025 |