RADIANT GLOBALTECH BERHAD ("RADIANT GLOBALTECH" OR "COMPANY") 
- PROPOSED ACQUISITION OF A FREEHOLD THREE-STOREY SHOP OFFICE ("PROPERTY") BY RADIANT GLOBALTECH BERHAD ("RADIANT") FROM NCT ASSETS SDN BHD ("VENDOR") FOR A TOTAL PURCHASE CONSIDERATION OF RM3,850,000

We refer to your Company’s announcement dated 28 July 2022, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) The date on which Radiant and the Vendor entered into the conditional sale and purchase agreement for the Proposed Acquisition.
2) Whether the existing tenancy agreements will be novated to Radiant, and if yes, details of the novation agreement(s).
3) The following information in relation to the Property:

• net book value based on the Vendor’s latest audited financial statements;
• approximate age of the building; and
• encumbrances, or a negative statement.

4) The market value of the Property as assessed by VCP Alliance (Pg) Sdn Bhd, and the method(s) of valuation. To also state the justification for the purchase consideration of RM3,850,000 if it is at a premium to the market value.
5) The current rental income per month for Property G-9-1.

6) The prospects of the Property.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,
Listing, 
Regulation

Cc : Market Surveillance Dept. , Securities Commission (via email)