OTHERS YB VENTURES BERHAD (FORMERLY KNOWN AS YI-LAI BERHAD) ("YB" OR THE "COMPANY") PROPOSED DISPOSAL OF LEASEHOLD LAND HELD UNDER PAJAKAN NEGERI 4478, LOT 409 SEKSYEN 32, BANDAR PETALING JAYA, DAERAH PETALING NEGERI SELANGOR MEASURING APPROXIMATELY 5772.3 SQUARE METRES BEARING POSTAL ADDRESS AT NO. 8 JALAN 241 46100 PETALING JAYA SELANGOR DARUL EHSAN BY YI-LAI INDUSTRY BERHAD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY TO GLASS & PLASTIC PACKAGING SDN BHD FOR A TOTAL DISPOSAL CONSIDERATION OF RM15M
| YB VENTURES BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | YB VENTURES BERHAD (FORMERLY KNOWN AS YI-LAI BERHAD) ("YB" OR THE "COMPANY")
PROPOSED DISPOSAL OF LEASEHOLD LAND HELD UNDER PAJAKAN NEGERI 4478, LOT 409 SEKSYEN 32, BANDAR PETALING JAYA, DAERAH PETALING NEGERI SELANGOR MEASURING APPROXIMATELY 5772.3 SQUARE METRES BEARING POSTAL ADDRESS AT NO. 8 JALAN 241 46100 PETALING JAYA SELANGOR DARUL EHSAN BY YI-LAI INDUSTRY BERHAD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY TO GLASS & PLASTIC PACKAGING SDN BHD FOR A TOTAL DISPOSAL CONSIDERATION OF RM15M |
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(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those stated in the announcement dated 23 December 2020 in relation to the above matter)
Reference is made to the announcements dated 23 December 2020, 24 December 2020, 28 December 2020, 22 April 2021, 23 July 2021 and 30 August 2021 made by YB.
The Board of Directors of YB wishes to announce that the SPA dated 22 December 2020 entered between YLIB and GPPSB has been completed on 10 September 2021. Accordingly, the Proposed Disposal is deemed completed.
This announcement is dated 10 September 2021 |
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Announcement Info
| Company Name | YB VENTURES BERHAD |
| Stock Name | YB |
| Date Announced | 10 Sep 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10092021-00063 |