The Board of Directors of KHIB wishes to announce that it had on 4 October 2024 entered into a Sale and Purchase Agreement (“SPA”) with a third-party developer, Hicom Indungan Sdn. Bhd. (“Vendor”), for the acquisition of one (1) piece of freehold industrial land identified as Plot 41, Phase 2C, HICOM Pegoh Park, Melaka with a land area of approximately 3.25 acres equivalent to 141,570 square feet forming part and parcel of land held under Geran 69390 Lot 15370 (Formerly PT 2539), Geran 47512 Lot 5043 to Lot 5350, both in Mukim Pegoh, Daerah Alor Gajah, Negeri Melaka and government land for which the title has yet to be issued (the “Land”) for a cash consideration of RM5,379,660.00 (Ringgit Malaysia  Five Million Three Hundred Seventy Nine Thousand Six Hundred and Sixty) only, subject to the terms and conditions as contained in the SPA.

Please refer to the attachment for further details.

This announcement is dated 4 October 2024.