• RM576 Save up to RM288 with the Yearly Premium Plan (Limited Time Only)
  • RM480 Save up to RM240 with the Yearly Advanced Plan (Limited Time Only)
Subscribe Now
premium Subscription Plan
add free StockBiz
YouTube MS Production

Last Price Change Volume
Open: Day Range: Prev Close:


TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TADMAX RESOURCES BERHAD ("TADMAX" or THE GROUP) - PROPOSED ACQUISITION BY ITS 55% OWNED SUBSIDIARY, BUILTAMONT DEVELOPMENT SDN BHD OF A PIECE OF LEASEHOLD LAND MEASURING 10,529 SQ METER (APPROXIMATELY 2.60 ACRES) IN AREA HELD UNDER TITLE HS(D) 120394 PT 9535 IN THE MUKIM OF KUALA LUMPUR, DAERAH KUALA LUMPUR, WILAYAH PERSEKUTUAN KL (PROPOSED LAND ACQUISITION)

TADMAX RESOURCES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
TADMAX RESOURCES BERHAD ("TADMAX" or THE GROUP)
- PROPOSED ACQUISITION BY ITS 55% OWNED SUBSIDIARY, BUILTAMONT DEVELOPMENT SDN BHD OF A PIECE OF LEASEHOLD LAND MEASURING 10,529 SQ METER (APPROXIMATELY 2.60 ACRES) IN AREA HELD UNDER TITLE HS(D) 120394 PT 9535 IN THE MUKIM OF KUALA LUMPUR, DAERAH KUALA LUMPUR, WILAYAH PERSEKUTUAN KL (PROPOSED LAND ACQUISITION)

The Board of Directors of Tadmax wishes to announce that its 55% owned subsidiary company, Builtamont Development Sdn Bhd (hereinafter referred to as “Builtamont” or “the Purchaser”), had on 30 October 2020 entered into Sale and Purchase Agreements (“SPA”) with Datuk Bandar Kuala Lumpur (“the Vendor”) to acquire a piece of leasehold land, measuring 10,529 sq meter (approximately 2.60 acres) held under title HS(D) 120394 PT 9535, Mukim Kuala Lumpur, Daerah Kuala Lumpur, Wilayah Persekutuan KL (hereinafter referred to as “the Land”) on an “as is where is” basis, free from all encumbrances for a total purchase consideration of RM37,400,000.00 (“Purchase Consideration”) (“Proposed Land Acquisition”).

 

For further details, kindly refer to the attachment.


This announcement is dated 2 November 2020.

 




Please refer attachment below.



Announcement Info

Company Name TADMAX RESOURCES BERHAD
Stock Name TADMAX
Date Announced 02 Nov 2020
Category General Announcement for PLC
Reference Number GA1-02112020-00039



Close
New Feature
MS Academy
AI StockMaster. Beat The Market! Checking MS Signal
DETECT REAL-TIME STOCK MOVEMENT
X
(InvestorPro Plan Only)
Complimentary access on Premium Plan*
What is AI StockMaster?
Window Alert On-Screen Alert X
X