TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS ISKANDAR WATERFRONT CITY BERHAD (IWCITY OR THE COMPANY) - HEADS OF AGREEMENT IN RELATION TO THE PROPOSED DISPOSAL OF 2 PARCELS OF VACANT UNCONVERTED DEVELOPMENT LAND (PROPOSED DISPOSAL)
| ISKANDAR WATERFRONT CITY BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | ISKANDAR WATERFRONT CITY BERHAD (IWCITY OR THE COMPANY) - HEADS OF AGREEMENT IN RELATION TO THE PROPOSED DISPOSAL OF 2 PARCELS OF VACANT UNCONVERTED DEVELOPMENT LAND (PROPOSED DISPOSAL) |
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The Board of Directors of IWCity wishes to announce that the Company had on 13 May 2022 entered into a Heads of Agreement with Knusford Berhad (“KB”) in regards to the proposed disposal of 2 parcels of vacant unconverted development land in Tanjung Danga, Johor Bahru (“Lands”) by Success Straits Sdn Bhd, a wholly-owned subsidiary of IWCity, to KB or its nominee(s) for a disposal consideration to be determined (“Disposal Consideration”) (“Proposed Disposal”).
Please refer to the attachment for the details of the announcement.
This announcement is dated 13 May 2022. |
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Please refer attachment below.
Announcement Info
| Company Name | ISKANDAR WATERFRONT CITY BERHAD |
| Stock Name | IWCITY |
| Date Announced | 13 May 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13052022-00069 |