Bursa Announcements
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS EURO HOLDINGS BERHAD ("EURO" OR "THE COMPANY") - ADDITIONAL INFORMATION TO THE PROPOSED DISPOSAL OF ALL THAT PIECE OF INDUSTRIAL LAND HELD UNDER GRN 86293, LOT 178 SEKSYEN 19, BANDAR RAWANG, DAERAH GOMBAK, STATE OF SELANGOR TOGETHER WITH A DOUBLE-STOREY DETACHED FACTORY WITH AN ANNEXED 3-STOREY OFFICE BUILDING, A TNB SUBSTATION AND A GUARD HOUSE ERECTED THEREON ("THE PROPERTY") BY EURO CHAIRS MANUFACTURER (M) SDN. BHD. ("ECM") FOR A CASH CONSIDERATION OF RM17.30 MILLION ("PROPOSED DISPOSAL")
| EURO HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | EURO HOLDINGS BERHAD ("EURO" OR "THE COMPANY")
- ADDITIONAL INFORMATION TO THE PROPOSED DISPOSAL OF ALL THAT PIECE OF INDUSTRIAL LAND HELD UNDER GRN 86293, LOT 178 SEKSYEN 19, BANDAR RAWANG, DAERAH GOMBAK, STATE OF SELANGOR TOGETHER WITH A DOUBLE-STOREY DETACHED FACTORY WITH AN ANNEXED 3-STOREY OFFICE BUILDING, A TNB SUBSTATION AND A GUARD HOUSE ERECTED THEREON ("THE PROPERTY") BY EURO CHAIRS MANUFACTURER (M) SDN. BHD. ("ECM") FOR A CASH CONSIDERATION OF RM17.30 MILLION ("PROPOSED DISPOSAL") |
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We refer to the announcements dated 7 June 2024 and 12 June 2024 (“Announcements”) in relation to the Proposed Disposal. Unless otherwise stated, the definitions used herein shall have the same meanings referred to in the Announcements.
The Board of Directors of Euro wishes to announce the following additional information in relation to the Proposed Disposal as follows:
1. Number of Bidders and Offer Price Range Euro has received three bidders. The offer price ranges from RM15.0 million to RM17.3 million, with the highest offer being RM17.3 million offered by the Purchaser.
2. Interest Savings from Bank Borrowing Repayment The total interest savings from the repayment of bank borrowing amount to approximately RM440,000 per annum.
3. Components of Lease Liabilities The lease liabilities, totaling RM2.9 million, primarily arise from the rental of warehouses and forklifts.
This announcement is dated 13 June 2024. |
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Announcement Info
| Company Name | EURO HOLDINGS BERHAD |
| Stock Name | EURO |
| Date Announced | 13 Jun 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13062024-00037 |