The Board of Directors of the Company wishes to announce that the land held by its wholly owned subsidiary, Ratus Syabas Sdn. Bhd., has been compulsorily acquired by JKPTG under the Land Acquisition Act, 1960 for the construction of government complex.
The details of the compulsory land acquisition are as follows:
|
Description of the Freehold Land
|
Land Size
(Hectare)
|
Compensation Sum
(RM)
|
|
HSD 117, Lot PT 1279 (17258), Mukim Bagan Datuk, Daerah Bagan Datoh.
|
12.311
|
5,047,510.00
|
|
HSD 103, Lot PT 1280 (17259), Mukim Bagan Datuk, Daerah Bagan Datoh.
|
13.06
|
5,354,600.00
|
|
Total
|
22.371
|
10,402,110.00
|
The Company had on 23 April 2018 received the Compensation Sum. Accordingly, the Company has accepted the Compensation Sum with protest and has filed the Form N on the same day.
This announcement is dated 24 April 2018.