LIONIND

0.295

+0.005 (+1.7%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LION INDUSTRIES CORPORATION BERHAD ("LICB" OR "COMPANY") Proposed acquisition of a piece of leasehold industrial land measuring approximately 3.23 hectares (or 7.98 acres) in area located in Klang, Selangor together with buildings erected thereon for a purchase consideration of approximately RM47.13 million ("Proposed Acquisition")

LION INDUSTRIES CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
LION INDUSTRIES CORPORATION BERHAD ("LICB" OR "COMPANY")

Proposed acquisition of a piece of leasehold industrial land measuring approximately 3.23 hectares (or 7.98 acres) in area located in Klang, Selangor together with buildings erected thereon for a purchase consideration of approximately RM47.13 million ("Proposed Acquisition")
 
Reference is made to the Company’s announcements dated 15 July 2022 and 29 July 2022 in relation to the Proposed Acquisition (collectively, the “Announcements”). Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Announcements.

The Board of Directors of LICB wishes to announce that the Economic Planning Unit (“EPU”) had via its letter dated 20 September 2022 confirmed that it has no objection to the Proposed Acquisition and on 26 September 2022, AMSB was notified by its solicitors that the EPU’s Confirmation has been fulfilled on 22 September 2022 in accordance to the Sale and Purchase Agreement.

The Company will make the relevant announcement for the remaining condition precedent for the Proposed Acquisition upon fulfilment.

This announcement is dated 26 September 2022.



Announcement Info

Company Name LION INDUSTRIES CORPORATION BERHAD
Stock Name LIONIND
Date Announced 26 Sep 2022
Category General Announcement for PLC
Reference Number GA1-26092022-00042


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