TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SAM ENGINEERING & EQUIPMENT (M) BERHAD ("SAMEE" or "COMPANY") - PROPOSED ACQUISITION OF ALL THAT PIECE OF LAND LOCATED AT 88/22 MOO 2 TAMBON NONG CHAK, AMPHOE BAN BUENG, CHONBURI WITH AREA OF APPROXIMATELY 57-3-17 RAI TOGETHER WITH ALL BUILDING CONSTRUCTED THEREON ("PROPERTY") BY A SUBSIDIARY OF THE COMPANY, SAM PRECISION (THAILAND) LIMITED ("SPT") ("PROPOSED ACQUISITION")
| SAM ENGINEERING & EQUIPMENT (M) BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SAM ENGINEERING & EQUIPMENT (M) BERHAD ("SAMEE" or "COMPANY")
- PROPOSED ACQUISITION OF ALL THAT PIECE OF LAND LOCATED AT 88/22 MOO 2 TAMBON NONG CHAK, AMPHOE BAN BUENG, CHONBURI WITH AREA OF APPROXIMATELY 57-3-17 RAI TOGETHER WITH ALL BUILDING CONSTRUCTED THEREON ("PROPERTY") BY A SUBSIDIARY OF THE COMPANY, SAM PRECISION (THAILAND) LIMITED ("SPT") ("PROPOSED ACQUISITION") |
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(Unless otherwise stated, all terms and abbreviations used herein shall have the same meanings as those stated in the Announcement dated 30 August 2022 in relation to the Proposed Acquisition.)
The Board of Directors of SAMEE refers to the Company’s announcement on 30 August 2022 in relation to the Proposed Acquisition and wishes to announce that the Valuer (i.e., C.I.T. Appraisal Co., Ltd trading as Colliers Thailand) arrived at their opinion regarding the market value of the Land and Buildings based on the income approach by discount cash flow method reconciled against the cost approach by depreciated replacement cost method.
This announcement is dated 2 September 2022. |
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Announcement Info
| Company Name | SAM ENGINEERING & EQUIPMENT (M) BERHAD |
| Stock Name | SAM |
| Date Announced | 02 Sep 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-01092022-00070 |