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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ECA INTEGRATED SOLUTION BERHAD ("ECA" OR THE "COMPANY") PROPOSED ACQUISITION OF AN INDUSTRIAL LAND LOCATED IN DAERAH SEBERANG PERAI TENGAH, NEGERI PULAU PINANG BY ECA ADVANCED SOLUTIONS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ECA, FOR A PURCHASE CONSIDERATION OF RM7,963,900.80 TO BE SATISFIED ENTIRELY VIA CASH ("PROPOSED ACQUISITION")

ECA INTEGRATED SOLUTION BERHAD

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

PROPOSED ACQUISITION OF AN INDUSTRIAL LAND LOCATED IN DAERAH SEBERANG PERAI TENGAH, NEGERI PULAU PINANG BY ECA ADVANCED SOLUTIONS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ECA, FOR A PURCHASE CONSIDERATION OF RM7,963,900.80 TO BE SATISFIED ENTIRELY VIA CASH ("PROPOSED ACQUISITION")

The Board of Directors of ECA wishes to announce that ECA Advanced Solutions Sdn Bhd, a wholly-owned subsidiary of ECA, had on 21 May 2024 entered into a sales and purchase agreement with the Penang Development Corporation for the proposed acquisition of an industrial land located in Daerah Seberang Perai Tengah, Negeri Pulau Pinang for a purchase consideration of RM7,963,900.80 to be satisfied entirely via cash.

 

Further details of the Proposed Acquisition are set out in the attachment enclosed.

 

This announcement is dated 21 May 2024.




Please refer attachment below.



Announcement Info

Company Name ECA INTEGRATED SOLUTION BERHAD
Stock Name ECA
Date Announced 21 May 2024
Category General Announcement for PLC
Reference Number GA1-21052024-00015



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