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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PLB ENGINEERING BERHAD ("PLB" OR THE "COMPANY") DISPOSAL OF PROPERTY BY DESANOVA DEVELOPMENT SDN BHD ("DESANOVA"), A WHOLLY-OWNED SUB-SUBSIDIARY OF THE COMPANY FOR A TOTAL CONSIDERATION OF RM11,500,000

PLB ENGINEERING BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PLB ENGINEERING BERHAD ("PLB" OR THE "COMPANY")
DISPOSAL OF PROPERTY BY DESANOVA DEVELOPMENT SDN BHD ("DESANOVA"), A WHOLLY-OWNED SUB-SUBSIDIARY OF THE COMPANY FOR A TOTAL CONSIDERATION OF RM11,500,000

The Board of Directors (“Board”) of PLB Engineering Berhad (“PLB” or the “Company”) wishes to announce that, its wholly owned sub-subsidiary, Desanova Development Sdn Bhd (“Desa” or “the Vendor”), had on 7 February 2024, entered into a Sale and Purchase Agreement (“SPA” or “the Agreement”) with Victorious Triumphant Sdn Bhd (“VTSB” or “the Purchaser”) for the disposal of all that piece of land known as Geran No. Hakmilik 167230, Lot 10054, Bandar Tanjong Bungah, Daerah Timor Laut, Pulau Pinang with area measuring 1,922 square metres (the “Property") for a consideration of RM11,500,000 (the “Consideration”) (“the Disposal”).

 

Please refer to the attachment for further details of the Disposal.

 

This announcement is dated 7 February 2024.




Please refer attachment below.



Announcement Info

Company Name PLB ENGINEERING BERHAD
Stock Name PLB
Date Announced 07 Feb 2024
Category General Announcement for PLC
Reference Number GA1-07022024-00022