TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS Cabnet Holdings Berhad ("Cabnet" or the "Company") - DISPOSAL BY CABNET SYSTEMS (M) SDN BHD OF ALL THAT PIECE OF FREEHOLD LAND HELD UNDER HS(D) 321575 PT 8843, PEKAN KINRARA, DISTRICT PETALING, STATE OF SELANGOR TOGETHER WITH A UNIT OF THREE STOREY SHOP LOT ERECTED THEREON FOR A TOTAL PURCHASE PRICE OF RM2,550,000-00.
| CABNET HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | Cabnet Holdings Berhad ("Cabnet" or the "Company")
- DISPOSAL BY CABNET SYSTEMS (M) SDN BHD OF ALL THAT PIECE OF FREEHOLD LAND HELD UNDER HS(D) 321575 PT 8843, PEKAN KINRARA, DISTRICT PETALING, STATE OF SELANGOR TOGETHER WITH A UNIT OF THREE STOREY SHOP LOT ERECTED THEREON FOR A TOTAL PURCHASE PRICE OF RM2,550,000-00. |
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The Board of Directors of Cabnet (“Board”) wishes to announce that on 25 September 2024, the Company's wholly owned subsidiary, Cabnet Systems (M) Sdn. Bhd. (“CSM”) (“the Vendor”) has entered into a Sale and Purchase Agreement (“SPA”) with Broadlink Marketing Sdn Bhd (“BMSB”) (“the Purchaser”) for the disposal of all that piece of freehold land held under HS(D) 321575 PT 8843, Pekan Kinrara, District Petaling, State of Selangor together with a unit of three storey shop lot erected thereon (“the Property”) at the purchase price of Ringgit Malaysia Two Million Five Hundred and Fifty Thousand (RM2,550,000-00) only subject to the terms and conditions set out in the SPA (“the Property Disposal”).
Full details of the announcement are as attached.
This announcement is dated 25 September 2024.
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Please refer attachment below.
Announcement Info
| Company Name | CABNET HOLDINGS BERHAD |
| Stock Name | CABNET |
| Date Announced | 25 Sep 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24092024-00067 |