TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SAND NISKO CAPITAL BERHAD ("SNC" OR "COMPANY") PROPOSED ACQUISITION BY LEN CHEONG RESOURCES SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF SNC) (LCR OR PURCHASER) OF A PIECE OF FREEHOLD LAND HELD UNDER GRN 9505 LOT 68, MUKIM OF LENDU, DISTRICT OF ALOR GAJAH, STATE OF MELAKA MEASURING WITH AN APPROXIMATE AREA OF 25.880 ACRES (PROPERTY) FOR A TOTAL CASH CONSIDERATION OF RM5,823,000 (PURCHASE PRICE)("PROPOSED ACQUISITION")
| SAND NISKO CAPITAL BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SAND NISKO CAPITAL BERHAD ("SNC" OR "COMPANY")
PROPOSED ACQUISITION BY LEN CHEONG RESOURCES SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF SNC) (LCR OR PURCHASER) OF A PIECE OF FREEHOLD LAND HELD UNDER GRN 9505 LOT 68, MUKIM OF LENDU, DISTRICT OF ALOR GAJAH, STATE OF MELAKA MEASURING WITH AN APPROXIMATE AREA OF 25.880 ACRES (PROPERTY) FOR A TOTAL CASH CONSIDERATION OF RM5,823,000 (PURCHASE PRICE)("PROPOSED ACQUISITION") |
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The Board of Directors of SNC wishes to announce that its wholly owned subsidiary, LCR had on 21 April 2021 entered into a Sale and Purchase Agreement (“SPA”) with Cempakaraya Sdn. Bhd. (Registration No.: 198101007113 (73229-K)) (“Cempakaraya” or “Vendor”) for the proposed acquisition of all piece of freehold land held under GRN 9505 Lot 68, Mukim of Lendu, district of Alor Gajah, state of Melaka measuring with an approximate area of 25.880 acres at a purchase consideration of Ringgit Malaysia Five Million Eight Hundred Twenty Three Thousand only (RM5,823,000).
Please refer to the attached document for further details.
This announcement is dated 21 April 2021. |
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Please refer attachment below.
Announcement Info
| Company Name | SAND NISKO CAPITAL BERHAD |
| Stock Name | SNC |
| Date Announced | 21 Apr 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21042021-00095 |