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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS EUPE CORPORATION BERHAD ("ECB" OR "THE COMPANY") PROPOSED ACQUISITION OF TWO (2) PARCELS OF FREEHOLD LANDS MEASURING APPROXIMATELY 54.67 ACRES IN TOTAL AREA (OR 221,238 SQUARE METERS) LOCATED IN DAERAH KUALA MUDA, NEGERI KEDAH BY EUPE LAND DEVELOPMENT SDN. BHD., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, FOR A TOTAL CASH CONSIDERATION OF RM40,684,030

EUPE CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
EUPE CORPORATION BERHAD ("ECB" OR "THE COMPANY")
PROPOSED ACQUISITION OF TWO (2) PARCELS OF FREEHOLD LANDS MEASURING APPROXIMATELY 54.67  ACRES IN TOTAL AREA (OR 221,238 SQUARE METERS) LOCATED IN DAERAH KUALA MUDA, NEGERI KEDAH BY EUPE LAND DEVELOPMENT SDN. BHD., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, FOR A TOTAL CASH CONSIDERATION OF RM40,684,030

Pursuant to Paragraph 10.06(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that Eupe Land Development Sdn. Bhd., a wholly-owned subsidiary of Eupe Kemajuan Sdn. Bhd. which in turn is a wholly-owned subsidiary of ECB, has on 19 January 2024 entered into a third Sale and Purchase Agreement with Sing Ta Nian Development Sdn. Bhd. for the acquisition of the third and fourth parcels of freehold lands, measuring approximately 54.67 acres in total area (or 221,238 square meters), being part of Lot 60030 Seksyen 64, Bandar Sungai Petani, Daerah Kuala Muda, Negeri Kedah held under Geran No. Hakmilik 219000 (previously known as Lot PT 2268 held under Title No. H.S.(D) 120607, Bandar Amanjaya, Daerah Kuala Muda, Negeri Kedah) with an aggregate area of about 128.99 acres (or 522,000 square meters) for a total cash consideration of RM40,684,030 (collectively referred to as “Proposed Acquisition”).

Please refer to the attachment for the details of the Proposed Acquisition.

This announcement is dated 19 January 2024.




Please refer attachment below.



Announcement Info

Company Name EUPE CORPORATION BERHAD
Stock Name EUPE
Date Announced 19 Jan 2024
Category General Announcement for PLC
Reference Number GA1-18012024-00035



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