UEMS

1.170

+0.02 (+1.7%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS UEM SUNRISE BERHAD ("UEM SUNRISE" OR THE "COMPANY") (I) SALE AND PURCHASE AGREEMENT IN RELATION TO THE PROPOSED SALE OF PART OF THE LAND HELD UNDER HS(D) 119301 PT 26689 IN MUKIM BATU, DAERAH KUALA LUMPUR BY MEGA LEGACY (M) SDN BHD TO PEMBINAAN KERY SDN BHD; AND (II) DEVELOPMENT RIGHTS AGREEMENT BETWEEN MEGA LEGACY (M) SDN BHD AND PEMBINAAN KERY SDN BHD WITH REGARD TO THE DEVELOPMENT OF PART OF THE LAND HELD UNDER HS(D) 119301 PT 26689 IN MUKIM BATU, DAERAH KUALA LUMPUR.

UEM SUNRISE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
UEM SUNRISE BERHAD ("UEM SUNRISE" OR THE "COMPANY")
(I) SALE AND PURCHASE AGREEMENT IN RELATION TO THE PROPOSED SALE OF PART OF THE LAND HELD UNDER HS(D) 119301 PT 26689 IN MUKIM BATU, DAERAH KUALA LUMPUR BY MEGA LEGACY (M) SDN BHD TO PEMBINAAN KERY SDN BHD; AND
(II) DEVELOPMENT RIGHTS AGREEMENT BETWEEN MEGA LEGACY (M) SDN BHD AND PEMBINAAN KERY SDN BHD WITH REGARD TO THE DEVELOPMENT OF PART OF THE LAND HELD UNDER HS(D) 119301 PT 26689 IN MUKIM BATU, DAERAH KUALA LUMPUR.

The Company’s announcements dated 11 September 2023, 15 September 2023 and 19 February 2024 in relation to the Proposed SPA and Proposed DRA refer. Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the earlier announcements.

 

In relation to the Proposed SPA, the Company wishes to announce that MLSB has received full payment of the Land Purchase Price from PKSB and the Proposed SPA has been completed on 1 March 2024.

 

This announcement is dated 1 March 2024.






Announcement Info

Company Name UEM SUNRISE BERHAD
Stock Name UEMS
Date Announced 01 Mar 2024
Category General Announcement for PLC
Reference Number GA1-01032024-00060