SWIFT

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SWIFT HAULAGE BERHAD ("SWIFT" OR "COMPANY") PROPOSED ACQUISITION BY SWIFT INTEGRATED LOGISTICS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF SWIFT, OF A PROPERTY LOCATED AT DISTRICT OF SEBERANG PERAI UTARA, STATE OF PULAU PINANG

SWIFT HAULAGE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SWIFT HAULAGE BERHAD ("SWIFT" OR "COMPANY")
PROPOSED ACQUISITION BY SWIFT INTEGRATED LOGISTICS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF SWIFT, OF A PROPERTY LOCATED AT DISTRICT OF SEBERANG PERAI UTARA, STATE OF PULAU PINANG
The Board of Directors of SWIFT wishes to announce that Swift Integrated Logistics Sdn. Bhd. (“SILS”), a wholly-owned subsidiary of SWIFT, had entered into a Sale and Purchase Agreement (“SPA”) with Transocean Holdings Bhd. [Registration No. 197701005709 (36747-U)] for the acquisition by SILS of a Property free from all encumbrances with vacant and legal possession and subject further to the conditions of the title expressed or implied, for a total consideration of Ringgit Malaysia Thirty Million One Hundred and Fifty Thousand (RM30,150,000.00) only, subject to the terms and conditions as stipulated in the SPA (“Proposed Acquisition”).

Further details of the Proposed Acquisition are set out in the enclosed attachment.

This announcement is dated 28 November 2023.



Please refer attachment below.



Announcement Info

Company Name SWIFT HAULAGE BERHAD
Stock Name SWIFT
Date Announced 28 Nov 2023
Category General Announcement for PLC
Reference Number GA1-13062023-00013