TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF PROPERTY BY BV PROPERTIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF BV LAND HOLDINGS BERHAD, FOR A TOTAL CASH CONSIDERATION OF RM4.63 MILLION
BV LAND HOLDINGS BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | PROPOSED ACQUISITION OF PROPERTY BY BV PROPERTIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF BV LAND HOLDINGS BERHAD, FOR A TOTAL CASH CONSIDERATION OF RM4.63 MILLION |
The Board of Directors of BVLH (“Board”) wishes to announce that BV Properties Sdn Bhd (“BVPSB” or “the Purchaser”), a wholly-owned subsidiary of the Company, had on 29 July 2021 entered into a conditional Sale and Purchase Agreement (“SPA”) with Mr. Lee Kian Huat (“the Vendor”) to acquire one (1) parcel of freehold vacant land, held under the individual title Geran No 326779, Lot 15954, Pekan Mukim Kapar, Daerah Klang, Negeri Selangor Darul Ehsan measuring approximately 3.635 hectares in area (“the Property”) for a total cash consideration of RM4,632,516.70 (“Purchase Price”) (“Proposed Acquisition”).
The details of the announcement is attached herewith.
This announcement is dated 30 July 2021. |
Please refer attachment below.
Announcement Info
Company Name | BV LAND HOLDINGS BERHAD |
Stock Name | BVLH |
Date Announced | 30 Jul 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-26072021-00031 |