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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LAGENDA PROPERTIES BERHAD ("LPB" OR THE "COMPANY") PROPOSED ACQUISITION BY BLOSSOM EASTLAND SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF LPB, OF 3 PLOTS OF FREEHOLD LAND FROM HOCK LEAN RUBBER ESTATE SDN. BHD.

LAGENDA PROPERTIES BERHAD

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

PROPOSED ACQUISITION BY BLOSSOM EASTLAND SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF LPB, OF 3 PLOTS OF FREEHOLD LAND FROM HOCK LEAN RUBBER ESTATE SDN. BHD.

The Company wishes to announce that Blossom Eastland Sdn. Bhd. (“BESB”), a wholly owned subsidiary of LPB, had on 21 May 2024, entered into a Sale and Purchase Agreement (the “SPA”) with Hock Lean Rubber Estate Sdn. Bhd. (“HLRE”) for the acquisition of three (3) plots of freehold land held under Geran 6096, Lot 35, Geran 6097, Lot 36 and Geran 6098, Lot 37, all under Mukim Pinang Tunggal, Daerah Kuala Muda, Negeri Kedah (“Subject Lands”) for a purchase consideration of RM148,975,200.00 (“Purchase Consideration”), subject to the terms and conditions as stipulated in the SPA (“Proposed Acquisition”).

 

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

 

This announcement is dated 21 May 2024.




Please refer attachment below.



Announcement Info

Company Name LAGENDA PROPERTIES BERHAD
Stock Name LAGENDA
Date Announced 21 May 2024
Category General Announcement for PLC
Reference Number GA1-21052024-00067



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