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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LION INDUSTRIES CORPORATION BERHAD ("LICB" OR THE "COMPANY") PROPOSED DISPOSALS

LION INDUSTRIES CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
LION INDUSTRIES CORPORATION BERHAD ("LICB" OR THE "COMPANY")

PROPOSED DISPOSALS

On behalf of the Board of Directors of LICB, Mercury Securities Sdn Bhd wishes to announce that on 1 September 2023:

 

(i) Amsteel Mills Sdn Bhd, a 99%-owned subsidiary of the Company, has entered into a conditional sale and purchase agreement with Unichamp Mineral Sdn. Bhd. (“Unichamp Mineral”) for the proposed disposal of a portion of a freehold land held under GRN 297957, Lot 19322, Mukim Tanjong Duabelas, Daerah Kuala Langat, Negeri Selangor measuring 19.781 acres or approximately 861,660 sq ft for a cash consideration of RM67.96 million; and

 

(ii) Gelora Berkat Sdn Bhd, a wholly-owned subsidiary of the Company, has entered into a conditional sale and purchase agreement with Unichamp Mineral for the proposed disposal of a portion of a freehold land held under H.S.(D) 26819, PT 17217, Mukim Tanjong Duabelas, Daerah Kuala Langat, Negeri Selangor measuring 7.006 acres or approximately 305,181 sq ft for a cash consideration of RM24.07 million,

 

(collectively referred to as the “Proposed Disposals”).

 

Please refer to the attachment for further details on the Proposed Disposals.

 

This announcement is dated 4 September 2023.




Please refer attachment below.



Announcement Info

Company Name LION INDUSTRIES CORPORATION BERHAD
Stock Name LIONIND
Date Announced 03 Sep 2023
Category General Announcement for PLC
Reference Number GA1-03092023-00001



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