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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS ABLE GLOBAL BERHAD ("AGB" OR "THE COMPANY") PROPOSED DISPOSAL OF A PARCEL OF LAND MEASURING APPROXIMATELY 23.538 ACRES ("LAND") BY ABLE DEVELOPMENT SDN BHD ("ADSB"), A 70%-OWNED SUBSIDIARY OF AGB, FOR A TOTAL CASH CONSIDERATION OF RM18,455,675.04 ("DISPOSAL CONSIDERATION") ("PROPOSED DISPOSAL")

ABLE GLOBAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
ABLE GLOBAL BERHAD ("AGB" OR "THE COMPANY")

PROPOSED DISPOSAL OF A PARCEL OF LAND MEASURING APPROXIMATELY 23.538 ACRES ("LAND") BY ABLE DEVELOPMENT SDN BHD ("ADSB"), A 70%-OWNED SUBSIDIARY OF AGB, FOR A TOTAL CASH CONSIDERATION OF RM18,455,675.04  ("DISPOSAL CONSIDERATION") ("PROPOSED DISPOSAL")

The Board of Directors of AGB (“Board”) wishes to announce that Able Development Sdn. Bhd. ("ADSB"), a 70%-owned subsidiary of AGB, had on 09 March 2023 entered into a sale and purchase agreement with Able Perfect Sdn Bhd (“APSB”) in relation to the Proposed Disposal (“SPA”).

 

Detailes of the Proposed Disposal is in the attached file.

 

This announcement is dated 09 March 2023. 

 

Please refer attachment below:-

 




Please refer attachment below.



Announcement Info

Company Name ABLE GLOBAL BERHAD
Stock Name ABLEGLOB
Date Announced 09 Mar 2023
Category General Announcement for PLC
Reference Number GA1-24022023-00083



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