TEOSENG

1.690

+0.01 (+0.6%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TEO SENG CAPITAL BERHAD ("TEO SENG" OR "COMPANY") - ACQUIRED APPROXIMATELY 104.87 ACRES OF AGRICULTURE LAND AT PURCHASE PRICE OF RM23,596,222.50 FOR LAYER FARMING EXPANSION PROJECT BY TEO SENG FARMING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

TEO SENG CAPITAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
TEO SENG CAPITAL BERHAD ("TEO SENG" OR "COMPANY") - 
ACQUIRED APPROXIMATELY 104.87 ACRES OF AGRICULTURE LAND AT PURCHASE PRICE OF RM23,596,222.50 FOR LAYER FARMING EXPANSION PROJECT BY TEO SENG FARMING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

The Board of Directors of Teo Seng Capital Berhad (“Teo Seng” or “the Company”) wishes to announce that Teo Seng Farming Sdn Bhd (“TSF”), a wholly owned subsidiary of the Company had on 13 May 2024 entered into Sale and Purchase Agreements (“SPA”) with Lim Kim Yam & Sons Sdn Bhd (“LKYS”) and Lim Thiam Hooi (“LTH”), to purchase 8 parcels of lands located at Yong Peng, Johor covering total land area of approximately 104.87 acres (“Land”) for a purchase price of RM23,596,222.50 (hereinafter referred to as “Acquisition”).

 

 

 

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

 

 

 

This annoucement is dated 13 May 2024.

 




Please refer attachment below.

Attachments

TSC-Announcement.pdf
106.5 kB



Announcement Info

Company Name TEO SENG CAPITAL BERHAD
Stock Name TEOSENG
Date Announced 13 May 2024
Category General Announcement for PLC
Reference Number GA1-13052024-00059