The Board of Directors of HPP wishes to announce that Hayan Prints (M) Sdn. Bhd. (“Hayan Prints” or “the Purchaser”), a wholly-owned subsidiary of the Company, had on 19 December 2022 entered into a Sale and Purchase Agreement (“SPA”) with Agensi Pengangkutan Thong Yin Sdn. Bhd. (“APTY” or “the Vendor”) for the acquisition of a piece of leasehold land together with a double storey office and a single storey warehouse erected thereon held under Pajakan Mukim No. 1230, Lot No. 9126, Mukim Bukit Baru, Daerah Melaka Tengah, Negeri Melaka ("Property") for a total cash consideration of RM7,700,000 (“Purchase Consideration”) only (“Proposed Acquisition”). 

Pursuant to the terms and conditions of the SPA, APTY has agreed to sell and Hayan Prints has agreed to purchase the Property on an ‘as is where is’ basis free from encumbrances and with vacant possession at the Purchase Consideration and upon the terms and conditions of the SPA and subject to all conditions and category of land use expressed or implied upon relating to or affecting the Property.

Please refer to the attachment for further details of the Proposed Acquisition.

This announcement is dated 19 December 2022.