EUPE

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS EUPE CORPORATION BERHAD ("ECB" OR "THE COMPANY") PROPOSED ACQUISITION OF FREEHOLD LAND MEASURING APPROXIMATELY 53.74 ACRES (OR 217,478 SQUARE METERS) LOCATED IN DAERAH KUALA MUDA, NEGERI KEDAH BY EUPE LAND DEVELOPMENT SDN. BHD., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, FOR A CASH CONSIDERATION OF RM40,000,000

EUPE CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
EUPE CORPORATION BERHAD ("ECB" OR "THE COMPANY")
PROPOSED ACQUISITION OF FREEHOLD LAND MEASURING APPROXIMATELY 53.74 ACRES (OR 217,478 SQUARE METERS) LOCATED IN DAERAH KUALA MUDA, NEGERI KEDAH BY EUPE LAND DEVELOPMENT SDN. BHD., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, FOR A CASH CONSIDERATION OF RM40,000,000

Pursuant to Paragraph 10.06(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that Eupe Land Development Sdn. Bhd., a wholly-owned subsidiary of Eupe Kemajuan Sdn. Bhd. which in turn is a wholly-owned subsidiary of ECB, has on 21 January 2022 entered into a Sale and Purchase Agreement with Sing Ta Nian Development Sdn. Bhd. for the acquisition of a parcel of vacant freehold land measuring approximately 53.74 acres (or 217,478 square meters), being part of Lot PT 2268 held under Title No. H.S.(D) 120607, Bandar Amanjaya, Daerah Kuala Muda, Negeri Kedah with an aggregate area of about 124.97 acres (or 505,738.9 square meters) for a total cash consideration of RM40,000,000 (collectively referred to as “Proposed Acquisition”).

Please refer to the attachment for the details of the Proposed Acquisition. 

This announcement is dated 21 January 2022.




Please refer attachment below.



Announcement Info

Company Name EUPE CORPORATION BERHAD
Stock Name EUPE
Date Announced 21 Jan 2022
Category General Announcement for PLC
Reference Number GA1-19012022-00010