COMPANY ANNOUNCEMENTS

Date : 27 August 2021

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KERJAYA PROSPEK PROPERTY BERHAD ("KPPROP" OR THE "COMPANY") -PROPOSED ACQUISITION OF LAND BY GREENCOVE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF KPPROP.

KERJAYA PROSPEK PROPERTY BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
KERJAYA PROSPEK PROPERTY BERHAD ("KPPROP" OR THE "COMPANY") -PROPOSED ACQUISITION OF LAND BY GREENCOVE SDN BHD,  A WHOLLY-OWNED SUBSIDIARY OF KPPROP.

The Board of Directors of the Company (Board) wishes to announce that Greencove Sdn. Bhd. (Registration No. 202101018356 (1418656-K)) (Greencove or the Purchaser), a wholly-owned subsidiary of the Company, has on 27 August 2021, entered into a Sale and Purchase Agreement (SPA) with Prousaha (M) Sdn. Bhd. (Registration No. 199001016737 (208406-V)) (Prousaha or the Vendor), a wholly-owned subsidiary of Asian Pac Holdings Berhad (Registration No. 191301000011 (129-T)) (Asian Pac), to purchase all that parcel of leasehold land held under Pajakan Negeri No. Hakmilik 113068, Lot 87285, Mukim Sungai Buloh, District of Petaling and State of Selangor (Land) for a purchase price of RM42,000,000 (Purchase Price), (hereinafter referred to as the Proposed Acquisition).

 

Please refer to the attachment for the details of the Proposed Acquisition.

 

This announcement is dated 27 August 2021




Please refer attachment below.



Announcement Info

Company Name KERJAYA PROSPEK PROPERTY BERHAD
Stock Name KPPROP
Date Announced 27 Aug 2021
Category General Announcement for PLC
Reference Number GA1-25082021-00044


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