TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL OF ALL THAT PIECE OF LAND MEASURING 9.782 ACRES KNOWN AS LOT NO. 6, INDUSTRIAL ZONE 7 (IZ 7) KOTA KINABALU INDUSTRIAL PARK (KKIP) WHICH IS HELD UNDER MASTER TITLE COUNTRY LEASE 015582153 AND MASTER TITLE COUNTRY LEASE 015691095, IN THE LOCALITY OF TELIPOK AND LOCALITY OF JALAN SEPANGGAR MENGGATAL IN THE DISTRICT OF KOTA KINABALU
| BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL OF ALL THAT PIECE OF LAND MEASURING 9.782 ACRES KNOWN AS LOT NO. 6, INDUSTRIAL ZONE 7 (IZ 7) KOTA KINABALU INDUSTRIAL PARK (KKIP) WHICH IS HELD UNDER MASTER TITLE COUNTRY LEASE 015582153 AND MASTER TITLE COUNTRY LEASE 015691095, IN THE LOCALITY OF TELIPOK AND LOCALITY OF JALAN SEPANGGAR MENGGATAL IN THE DISTRICT OF KOTA KINABALU |
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We refer to the announcements made on 23 September 2022 and 28 September 2022 in relation to the Disposal (“Announcements”). Unless otherwise defined, the definitions set out in the Announcement dated 23 September 2022 shall apply herein.
The Board of Directors of Boustead Heavy Industries Corporation Berhad (“BHIC”) (“Board”) wishes to announce that the written consent from the Developer, KKIP Sdn Bhd has been obtained for BHIC Shipbuilding & Engineering Sdn Bhd (“BSE”), a wholly owned subsidiary of Boustead Penang Shipyard Sdn Bhd (“BPS”) which in turn is a wholly owned subsidiary of BHIC, to dispose the said Property to Jantoco Realty Sdn Bhd.
Accordingly, the SPA has become unconditional.
This announcement is dated 14 November 2022. |
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Announcement Info
| Company Name | BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD |
| Stock Name | BHIC |
| Date Announced | 14 Nov 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-14112022-00032 |