TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LGMS BERHAD ("LGMS" OR THE "COMPANY") ACQUISITION BY LE GLOBAL SERVICES SDN BHD ("LE GLOBAL" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF LGMS, OF 2 ADJOINING STRATIFIED OFFICE UNITS LOCATED AT LEVEL 11, EMPIRE OFFICE TOWER, EMPIRE SUBANG, JALAN SS16/1, 47500 SUBANG JAYA, SELANGOR DARUL EHSAN ("SUBJECT PROPERTIES") FOR A TOTAL CASH CONSIDERATION OF RM12,903,000 ("ACQUISITIONS")
| LGMS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | LGMS BERHAD ("LGMS" OR THE "COMPANY")
ACQUISITION BY LE GLOBAL SERVICES SDN BHD ("LE GLOBAL" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF LGMS, OF 2 ADJOINING STRATIFIED OFFICE UNITS LOCATED AT LEVEL 11, EMPIRE OFFICE TOWER, EMPIRE SUBANG, JALAN SS16/1, 47500 SUBANG JAYA, SELANGOR DARUL EHSAN ("SUBJECT PROPERTIES") FOR A TOTAL CASH CONSIDERATION OF RM12,903,000 ("ACQUISITIONS") |
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Reference is made to the previous announcement dated 20 February 2024 in relation to the Acquisitions (“First Announcement”). Unless otherwise defined, the definitions set out in the First Announcement shall apply herein.
The Board wishes to announce that the payment for the Balance Purchase Consideration 1 and Balance Purchase Consideration 2, totaling approximately RM11.61 million have been effected and settled in full, hence marking the completion of the Acquisitions.
This announcement is dated 1 April 2024. |
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Announcement Info
| Company Name | LGMS BERHAD |
| Stock Name | LGMS |
| Date Announced | 01 Apr 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-01042024-00063 |