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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS BOILERMECH HOLDINGS BERHAD ("BOILERMECH" OR "THE COMPANY") AMENDMENT TO BINDING AGREEMENT FOR SALE AND PURCHASE OF LAND (AMENDED SPA) BETWEEN PT BOILERMECH MANUFACTURING INDONESIA (PTBMI), WHICH IS WHOLLY-OWNED BY BOILERMECH AND ITS SUBSIDIARY PT BOILERMECH, AND PT MASPION INDUSTRIAL ESTATE IN RELATION TO THE PROPOSED ACQUISITION BY PTBMI OF THE VACANT INDUSTRIAL LAND LOCATED AT JALAN RAYA MANYAR KM.25, SUKOMULYO, MANYAR, GRESIK, EAST JAVA, INDONESIA

BOILERMECH HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
BOILERMECH HOLDINGS BERHAD ("BOILERMECH" OR "THE COMPANY")

AMENDMENT TO BINDING AGREEMENT FOR SALE AND PURCHASE OF LAND (AMENDED SPA) BETWEEN PT BOILERMECH MANUFACTURING INDONESIA (PTBMI), WHICH IS WHOLLY-OWNED BY BOILERMECH AND ITS SUBSIDIARY PT BOILERMECH, AND PT MASPION INDUSTRIAL ESTATE IN RELATION TO THE PROPOSED ACQUISITION BY PTBMI OF THE VACANT INDUSTRIAL LAND LOCATED AT JALAN RAYA MANYAR KM.25, SUKOMULYO, MANYAR, GRESIK, EAST JAVA, INDONESIA

The terms used herein shall, unless the context otherwise states, bear the same meaning as those defined in the aforesaid announcement dated 23 April 2019, where applicable.

We refer to the announcement made on 23 April 2019 in relation to the Binding Agreement for Sale and Purchase of Land (“SPA”) entered into on even date by PT Boilermech Manufacturing Indonesia (“PTBMI”), a wholly-owned subsidiary of Boilermech and its subsidiary PT Boilermech and PT Maspion Industrial Estate (“PT Maspion”), for the acquisition by PTBMI of 3 adjoining portions of land to be subdivided from 3 plots of land located at Jalan Raya Manyar Km. 25, Sukomulyo, Manyar, Gresik, East Java, Indonesia, measuring in total 30,000 square meters (“m2”) at a purchase consideration of IDR1,800,000 per square meter.

 

The Board of Directors (“Board”) of Boilermech wishes to announce that PTBMI has on 15 July 2019 entered into an Amendment to the Binding Agreement for Sale and Purchase of Land (“Amended SPA”) with PT Maspion to agree to and accept the amendments to the SPA dated 23 April 2019.

Please refer to the attachment for the details.


This announcement is dated 15 July 2019.




Please refer attachment below.



Announcement Info

Company Name BOILERMECH HOLDINGS BERHAD
Stock Name BOILERM
Date Announced 15 Jul 2019
Category General Announcement for PLC
Reference Number GA1-15072019-00080