TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY SOLID INTEREST SDN. BHD. ("SISB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF AVALAND HOLDINGS BERHAD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF AVALAND BERHAD, OF NINE (9) ADJOINING PARCELS OF FREEHOLD DEVELOPMENT LAND MEASURING APPROXIMATELY 3.194 ACRES ALL LOCATED AT BANDAR KUALA LUMPUR ("LAND") FROM TANAHKU HOLDINGS SDN. BHD. ("THSB" OR "VENDOR") FOR A TOTAL PURCHASE CONSIDERATION OF RM148.8 MILLION
| AVALAND BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION BY SOLID INTEREST SDN. BHD. ("SISB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF AVALAND HOLDINGS BERHAD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF AVALAND BERHAD, OF NINE (9) ADJOINING PARCELS OF FREEHOLD DEVELOPMENT LAND MEASURING APPROXIMATELY 3.194 ACRES ALL LOCATED AT BANDAR KUALA LUMPUR ("LAND") FROM TANAHKU HOLDINGS SDN. BHD. ("THSB" OR "VENDOR") FOR A TOTAL PURCHASE CONSIDERATION OF RM148.8 MILLION |
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The Board of Directors of Avaland Berhad (“Board”) wishes to announce that SISB had on 10 July 2025 entered into a conditional sale and purchase agreement (“SPA”) with the Vendor to acquire the Land for a total purchase consideration of RM148.8 million (“Purchase Consideration”) (“Proposed Acquisition”).
Further details of the Proposed Acquisition are set out in the attached announcement.
This announcement is dated 10 July 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | AVALAND BERHAD |
| Stock Name | AVALAND |
| Date Announced | 10 Jul 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-09072025-00033 |