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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LAGENDA PROPERTIES BERHAD ("LPB" OR THE "COMPANY") ACQUISITION BY LAGENDA MERSING SDN. BHD. (A 70% OWNED INDIRECT SUBSIDIARY OF LPB) OF 2 PARCELS OF FREEHOLD LAND LOCATED IN KELAN KECHIL, MUKIM SENAI, DAERAH KULAI, NEGERI JOHOR FROM SERIEMAS DEVELOPMENT SDN. BERHAD FOR A TOTAL CASH CONSIDERATION OF RM396,358,146.36 ("ACQUISITION")

LAGENDA PROPERTIES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
LAGENDA PROPERTIES BERHAD ("LPB" OR THE "COMPANY")

ACQUISITION BY LAGENDA MERSING SDN. BHD. (A 70% OWNED INDIRECT SUBSIDIARY OF LPB) OF 2 PARCELS OF FREEHOLD LAND LOCATED IN KELAN KECHIL, MUKIM SENAI, DAERAH KULAI, NEGERI JOHOR FROM SERIEMAS DEVELOPMENT SDN. BERHAD FOR A TOTAL CASH CONSIDERATION OF RM396,358,146.36 ("ACQUISITION")

We refer to the previous announcements and the circular to shareholders dated 12 June 2023 in relation to the Acquisition (“Circular”). Unless otherwise defined, the definitions set out in the Circular shall apply herein.

 

On behalf of the Board, UOBKH wishes to announce that the last of the Conditions Precedent set out in the SPA (i.e. the approval of the Estate Land Board for the transfer of the Subject Lands from the Vendor to LMSB) has been fulfilled on 23 October 2023, resulting the SPA being unconditional on even date.

 

This announcement is dated 23 October 2023.






Announcement Info

Company Name LAGENDA PROPERTIES BERHAD
Stock Name LAGENDA
Date Announced 23 Oct 2023
Category General Announcement for PLC
Reference Number GA1-23102023-00070



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