TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY LEISURE EVENT SDN. BHD. ("LESB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF AVALAND HOLDINGS BERHAD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF AVALAND BERHAD, OF A PARCEL OF LEASEHOLD DEVELOPMENT LAND MEASURING APPROXIMATELY 2.172 ACRES AT BANDAR PETALING JAYA ("LAND") FROM COMIT COMMUNICATION TECHNOLOGIES (M) SDN. BHD. ("CCT" OR "VENDOR") FOR A TOTAL PURCHASE CONSIDERATION OF RM49.0 MILLION
| AVALAND BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION BY LEISURE EVENT SDN. BHD. ("LESB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF AVALAND HOLDINGS BERHAD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF AVALAND BERHAD, OF A PARCEL OF LEASEHOLD DEVELOPMENT LAND MEASURING APPROXIMATELY 2.172 ACRES AT BANDAR PETALING JAYA ("LAND") FROM COMIT COMMUNICATION TECHNOLOGIES (M) SDN. BHD. ("CCT" OR "VENDOR") FOR A TOTAL PURCHASE CONSIDERATION OF RM49.0 MILLION |
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The Board of Directors of Avaland Berhad (“Board”) wishes to announce that LESB had on 1 July 2025 entered into a conditional sale and purchase agreement (“SPA”) with the Vendor to acquire the Land for a total purchase consideration of RM49.0 million (“Purchase Consideration”) (“Proposed Acquisition”).
Further details of the Proposed Acquisition are set out in the attached announcement.
This announcement is dated 1 July 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | AVALAND BERHAD |
| Stock Name | AVALAND |
| Date Announced | 01 Jul 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-01072025-00080 |