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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HO HUP CONSTRUCTION COMPANY BERHAD ("HO HUP" OR "COMPANY") PROPOSED DISPOSAL BY BUKIT JALIL DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF A PARCEL OF FREEHOLD COMMERCIAL DEVELOPMENT LAND FOR A CASH CONSIDERATION OF RM110,000,000

HO HUP CONSTRUCTION COMPANY BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
HO HUP CONSTRUCTION COMPANY BERHAD ("HO HUP" OR "COMPANY") 

PROPOSED DISPOSAL BY BUKIT JALIL DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF A PARCEL OF FREEHOLD COMMERCIAL DEVELOPMENT LAND FOR A CASH CONSIDERATION OF RM110,000,000

M&A Securities Sdn Bhd, on behalf of the Board of Directors of Ho Hup wishes to announce that Bukit Jalil Development Sdn Bhd (“BJD” or “Vendor”), a wholly-owned subsidiary of the Company had on 6 May 2024 entered into a conditional sale and purchase agreement (“SPA”) with EXSIM Persiaran Jalil Sdn Bhd (“Purchaser”) for the proposed disposal of a parcel of freehold commercial development land measuring 12,492 square metres (equivalent to approximately 134,463 square feet or 3.09 acres) held under H.S.(D) 123328, PT 50194 in the Mukim of Petaling, District of Kuala Lumpur and State of Wilayah Persekutuan (“Land”) for a cash consideration of RM110,000,000 (“Disposal Consideration”), subject to the terms of the SPA (“Proposed Disposal”).

 

 

Kindly refer to the attachment for further details on the Proposed Disposal.

 

 

This announcement is dated 6 May 2024.




Please refer attachment below.

Attachments

060524 - Announcement.pdf
431.6 kB



Announcement Info

Company Name HO HUP CONSTRUCTION COMPANY BHD
Stock Name HOHUP
Date Announced 06 May 2024
Category General Announcement for PLC
Reference Number GA1-06052024-00046



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