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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MAXIM GLOBAL BERHAD ("MAXIM GLOBAL OR THE "COMPANY") PROPOSED ACQUISITION OF A PARCEL OF FREEHOLD LAND HELD UNDER TITLE NO. GRN 38933, LOT NO. 16996, MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR DARUL TAKZIM FOR A PURCHASE CONSIDERATION OF RM167.00 MILLION, TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED ACQUISITION")

MAXIM GLOBAL BERHAD

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

PROPOSED ACQUISITION OF A PARCEL OF FREEHOLD LAND HELD UNDER TITLE NO. GRN 38933, LOT NO. 16996, MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR DARUL TAKZIM FOR A PURCHASE CONSIDERATION OF RM167.00 MILLION, TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED ACQUISITION")

On behalf of the Board of Directors of Maxim Global ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that Maxim Pelangi Sdn Bhd ("MPSB" or the "Purchaser"), a 51% owned subsidiary of Maxim Global, had on 22 March 2024, entered into a conditional sale and purchase agreement ("SPA") with Pelangi Sdn Bhd ("PSB" or the "Vendor") for the proposed acquisition of a parcel of freehold land held under title No. GRN 38933, Lot No. 16996, Mukim of Plentong, District of Johor Bahru, Johor Darul Takzim ("Subject Land"), measuring approximately 26,329 square metres for a purchase consideration of RM167.00 million ("Purchase Consideration"), to be satisfied entirely in cash ("Proposed Acquisition").

Further details on the Proposed Acquisition are set out in the attachment below.

 

This announcement is dated 22 March 2024.




Please refer attachment below.

Attachments

Maxim Global - Announcement .pdf
381.1 kB



Announcement Info

Company Name MAXIM GLOBAL BERHAD
Stock Name MAXIM
Date Announced 22 Mar 2024
Category General Announcement for PLC
Reference Number GA1-22032024-00056



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