QES

0.800

+0.035 (+4.6%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS QES GROUP BERHAD ("QES" OR "THE COMPANY") - PROPOSED ACQUISITION OF INDUSTRIAL LAND AT BATU KAWAN INDUSTRIAL PARK BY QES MECHATRONIC SDN. BHD., A SUBSIDIARY OF QES GROUP BERHAD FOR A TOTAL CONSIDERATION OF RM4,791,600/- ("PROPOSED ACQUISITION")

QES GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
QES GROUP BERHAD ("QES" OR "THE COMPANY")
- PROPOSED ACQUISITION OF INDUSTRIAL LAND AT BATU KAWAN INDUSTRIAL PARK BY QES MECHATRONIC SDN. BHD., A SUBSIDIARY OF QES GROUP BERHAD FOR A TOTAL CONSIDERATION OF RM4,791,600/- ("PROPOSED ACQUISITION")

Pursuant to Rule 10.06 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of QES Group Berhad (“QES” or “The Company”) wishes to announce that QES Mechatronic Sdn. Bhd. [Company Registration No. 199901012181 (487081-V)] (“QMC” or “the Purchaser”), a subsidiary of QES had on 15 September 2021 entered into a Sale and Purchase Agreement (“the Agreement”) with The Penang Development Corporation (“the Vendor” or “PDC”) for the proposed acquisition of all that piece of land situated in Daerah Seberang Perai Selatan and forming part of Mukim 13, the site whereof is marked SV 64, Batu Kawan Industrial Park (“the Land”) for a total cash consideration of RM4,791,600/- (“Proposed Acquisition”).

Full details of the announcement are as attached.

This announcement is dated 15 September 2021.




Please refer attachment below.



Announcement Info

Company Name QES GROUP BERHAD
Stock Name QES
Date Announced 15 Sep 2021
Category General Announcement for PLC
Reference Number GA1-14092021-00035