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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DISPOSAL OF THREE (3) PIECES OF FREEHOLD COMMERCIAL LANDS BY COUNTRY VIEW RESOURCES SDN BHD ("CVR"), A WHOLLY-OWNED SUBSIDIARY OF COUNTRY VIEW BERHAD ("CVB") FOR A TOTAL CASH CONSIDERATION OF RM47,259,600 ONLY

COUNTRY VIEW BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
DISPOSAL OF THREE (3) PIECES OF FREEHOLD COMMERCIAL LANDS BY COUNTRY VIEW RESOURCES SDN BHD ("CVR"), A WHOLLY-OWNED SUBSIDIARY OF COUNTRY VIEW BERHAD ("CVB") FOR A TOTAL CASH CONSIDERATION OF RM47,259,600 ONLY
The Board of Directors of CVB ("Board"), wishes to announce that Country View Resources Sdn Bhd [Registration No. 200001021248 (523855-A)] ('Vendor" or "CVR"), a wholly-owned subsidiary of CVB, had on 6 June 2024, entered into a Sale and Purchase Agreement ("SPA") with Paragon View Sdn. Bhd. [Registration No. 202401019706 (1565555-T)] ("Purchaser" or "PVSB"), for the disposal of the following three (3) pieces of freehold commercial lands held under:-

(i) GRN 509052 Lot 155419, Mukim Pulai, Daerah Johor Bahru, Negeri Johor measuring 12,197 square metres;

(ii) GRN 509053 Lot 155420, Mukim Pulai, Daerah Johor Bahru, Negeri Johor measuring 12,175 square metres; and 

(iii) GRN 509054 Lot 155421, Mukim Pulai, Daerah Johor Bahru, Negeri Johor measuring 12,216 square metres

(hereinafter referred to as the "Lands")

for a cash consideration of RM47,259,600 only ("Disposal Consideration")

Further detail of the Disposal of Lands are set out in the attachment.

The announcement is dated 6 June 2024.

 




Please refer attachment below.

Attachments

GA 20240606.pdf
707.8 kB



Announcement Info

Company Name COUNTRY VIEW BERHAD
Stock Name CVIEW
Date Announced 06 Jun 2024
Category General Announcement for PLC
Reference Number GA1-06062024-00032



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