INTA

0.390

+0.015 (+4%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SALE AND PURCHASE AGREEMENT BETWEEN MAH SING PROPERTIES SDN BHD AND ANGKASA SENURI SDN BHD, A WHOLLY OWNED SUBSIDIARY OF INTA BINA GROUP BERHAD FOR THE PURCHASE OF ALL THAT PIECE OF LEASHOLD LAND FOR A TOTAL CASH CONSIDERATION OF RM9,300,000.00 ("THE ACQUISITION")

INTA BINA GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SALE AND PURCHASE AGREEMENT BETWEEN MAH SING PROPERTIES SDN BHD AND ANGKASA SENURI SDN BHD, A WHOLLY OWNED SUBSIDIARY OF INTA BINA GROUP BERHAD FOR THE PURCHASE OF ALL THAT PIECE OF LEASHOLD LAND FOR A TOTAL CASH CONSIDERATION OF RM9,300,000.00 ("THE ACQUISITION")

Pursuant to Paragraph 10.06 of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of Inta Bina Group Berhad ("IBGB" or “the Company”) wishes to announce that Angkasa Senuri Sdn Bhd (“ASSB” or “the Purchaser”), a wholly owned subsidiary of the Company, had on 23 July 2021 entered into a Sale and Purchase Agreement (“SPA”) with Mah Sing Properties Sdn Bhd (“the Vendor”) for the purchase of all that piece of leasehold land held under Pajakan Negeri 8419, Lot 40710, Mukim Sungai Buloh, Daerah Petaling, Negeri Selangor, bearing postal address M Cahaya, No. 1, Jalan Utarid A U5/A, Mutiara Subang, Seksyen U5, 40150 Shah Alam, Selangor Darul Ehsan measuring approximately 12,871 square meters in area with the lease expiring on 11 December 2096 (“the Land”) for a total cash consideration of RM9,300,000.00 (“Purchase Price”).

 

Please refer to the attachment for further information on the Acquisition.

 

This announcement is dated 23 July 2021.




Please refer attachment below.



Announcement Info

Company Name INTA BINA GROUP BERHAD
Stock Name INTA
Date Announced 23 Jul 2021
Category General Announcement for PLC
Reference Number GA1-23072021-00130