OTHERS BABA ECO GROUP BERHAD ("BABA ECO" OR "THE COMPANY") NON-RELATED PARTY TRANSACTION PROPOSED ACQUISITION OF A PIECE OF FREEHOLD VACANT LAND FOR A TOTAL CONSIDERATION OF RM5.57 MILLION BY KEAN BENG LEE INDUSTRIES (M) SDN BHD, A WHOLLY OWNED SUBSIDIARY OF BABA ECO
| BABA ECO GROUP BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | BABA ECO GROUP BERHAD ("BABA ECO" OR "THE COMPANY")
NON-RELATED PARTY TRANSACTION
PROPOSED ACQUISITION OF A PIECE OF FREEHOLD VACANT LAND FOR A TOTAL CONSIDERATION OF RM5.57 MILLION BY KEAN BENG LEE INDUSTRIES (M) SDN BHD, A WHOLLY OWNED SUBSIDIARY OF BABA ECO |
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We refer to the announcement dated 17 January 2022 in relation to the Proposed Acquisition (“Earlier Announcement”). Unless the context otherwise requires, the terms used herein shall carry the same meaning as those defined in the Earlier Announcement.
The Board of Baba Eco wishes to announce that the Proposed Acquisition had on 13 June 2022, been completed in accordance with the terms of the SPA. Accordingly, KBL, wholly-owned subsidiary of Baba Eco has become the sole owner of the Land.
This announcement is dated 13 June 2022. |
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Announcement Info
| Company Name | BABA ECO GROUP BERHAD |
| Stock Name | BABA |
| Date Announced | 13 Jun 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13062022-00050 |