RESINTC

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS RESINTECH BERHAD ("RB" OR "THE COMPANY") PROPOSED ACQUISITION OF A FREEHOLD PROPERTY BY JOHAN PANGLIMA (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

RESINTECH BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
RESINTECH BERHAD ("RB" OR "THE COMPANY")
PROPOSED ACQUISITION OF A FREEHOLD PROPERTY BY JOHAN PANGLIMA (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

Pursuant to Paragraph 10.06 of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of the Company wishes to announce that Johan Panglima (M) Sdn. Bhd. (“Purchaser”), a wholly-owned subsidiary of the Company, had on 13 October 2021 entered into a Sale and Purchase Agreement with Eiscon Construction Sdn. Bhd. [Registration No. 200901022659 (865757-A)]  (“Vendor”), for the acquisition of all that piece of freehold land held under Individual Title Geran 44765, Lot 2719, Mukim Telok Panglima Garang, Daerah Kuala Langat, Negeri Selangor Darul Ehsan, for a total consideration of Ringgit Malaysia Twenty Three Million Five Hundred and Thirty Thousand (RM23,530,000.00) only, subject to the terms and conditions as contained in the SPA (“Proposed Acquisition”).

 

Please refer to the attachment for further details on the Proposed Acquisition.

 

This announcement is dated 13 October 2021.

 

 




Please refer attachment below.



Announcement Info

Company Name RESINTECH BERHAD
Stock Name RESINTC
Date Announced 13 Oct 2021
Category General Announcement for PLC
Reference Number GA1-06102021-00118