TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CRESCENDO CORPORATION BERHAD ("CCB" OR THE "COMPANY") PROPOSED DISPOSAL BY PANORAMIC INDUSTRIAL DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF CCB, OF A VACANT INDUSTRIAL LAND LOCATED IN THE MUKIM OF PULAI, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR FOR A TOTAL CASH CONSIDERATION OF RM115,877,876.40 ("PROPOSED DISPOSAL")
| CRESCENDO CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | CRESCENDO CORPORATION BERHAD ("CCB" OR THE "COMPANY")
PROPOSED DISPOSAL BY PANORAMIC INDUSTRIAL DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF CCB, OF A VACANT INDUSTRIAL LAND LOCATED IN THE MUKIM OF PULAI, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR FOR A TOTAL CASH CONSIDERATION OF RM115,877,876.40 ("PROPOSED DISPOSAL") |
|
On behalf of the Board of Directors of CCB, UOB Kay Hian Securities (M) Sdn Bhd is pleased to announce that Panoramic Industrial Development Sdn Bhd, a wholly-owned subsidiary of CCB, had on 11 June 2024, entered into a conditional sale and purchase agreement with Digital Halo Pte Ltd (“Digital Halo” or the “Purchaser”, which the expression includes the nominee as may be appointed by Digital Halo), for the disposal of a vacant industrial land measuring approximately 20.463 acres or 891,368.28 square feet, held under land title no. H.S.(D) 629092 PTD 227197 in the Mukim of Pulai, District of Johor Bahru, State of Johor for a total cash consideration of RM115,877,876.40.
Further details on the Proposed Disposal are set out in the attachment enclosed.
This announcement is dated 11 June 2024. |
|
Please refer attachment below.
Announcement Info
| Company Name | CRESCENDO CORPORATION BERHAD |
| Stock Name | CRESNDO |
| Date Announced | 11 Jun 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11062024-00042 |