KARYON

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF A PIECE OF FREEHOLD INDUSTRIAL LAND TOGETHER WITH A SINGLE STOREY DETACHED FACTORY ANNEXED WITH DOUBLE STOREY OFFICE BUILDING ERECTED THEREON BY HSING LUNG SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF KARYON INDUSTRIES BERHAD FROM PREMETAL STAMPING IND SDN BHD FOR A PURCHASE CONSIDERATION OF RM7,600,000 ("PROPOSED ACQUISITION")

KARYON INDUSTRIES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION OF A PIECE OF FREEHOLD INDUSTRIAL LAND TOGETHER WITH A SINGLE STOREY DETACHED FACTORY ANNEXED WITH DOUBLE STOREY OFFICE BUILDING ERECTED THEREON BY HSING LUNG SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF KARYON INDUSTRIES BERHAD FROM PREMETAL STAMPING IND SDN BHD FOR A PURCHASE CONSIDERATION OF RM7,600,000 ("PROPOSED ACQUISITION")

Unless otherwise defined, all definitions and terms used in this announcement shall have the same meanings as defined in KIB’s announcement dated 09 November 2023.

Reference is made to the announcement dated 09 November 2023 in relation to the Proposed Acquisition.

The Board of Directors of KIB is pleased to announce that the Proposed Acquisition has been completed on 22 February 2024 in accordance with the terms and conditions of the SPA.

This announcement is dated 22 February 2024.

 






Announcement Info

Company Name KARYON INDUSTRIES BERHAD
Stock Name KARYON
Date Announced 22 Feb 2024
Category General Announcement for PLC
Reference Number GA1-22022024-00029