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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS EDELTEQ HOLDINGS BERHAD ("EDELTEQ" OR THE "COMPANY") I. PROPOSED ACQUISITION BY EDELTEQ TECHNOLOGIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EDELTEQ OF A UNIT OF FOUR (4) STOREY SEMI-DETACHED FACTORY ("PROPOSED ACQUISITION I"); AND II. PROPOSED ACQUISITION BY EDELTEQ VENTURES SDN BHD, A 70%-OWNED SUBSIDIARY OF EDELTEQ, OF A UNIT OF FOUR (4) STOREY SEMI-DETACHED FACTORY ("PROPOSED ACQUISITION II") (COLLECTIVELY REFERRED TO AS THE "PROPOSED ACQUISITIONS")

EDELTEQ HOLDINGS BERHAD

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

I.   PROPOSED ACQUISITION BY EDELTEQ TECHNOLOGIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF EDELTEQ OF A UNIT OF FOUR (4) STOREY SEMI-DETACHED FACTORY ("PROPOSED ACQUISITION I"); AND 

II.  PROPOSED ACQUISITION BY EDELTEQ VENTURES SDN BHD, A 70%-OWNED SUBSIDIARY OF EDELTEQ, OF A UNIT OF FOUR (4) STOREY SEMI-DETACHED FACTORY ("PROPOSED ACQUISITION II")

(COLLECTIVELY REFERRED TO AS THE "PROPOSED ACQUISITIONS")

The Board of Directors of Edelteq wishes to announce the following proposed acquisitions of properties:-

 

i.   Edelteq Technologies Sdn Bhd ("ETSB"), a wholly-owned subsidiary of Edelteq had, on 10 June 2024 entered into a conditional sale and purchase agreement with Greentech Construction Sdn Bhd ("GCSB" or the "Vendor I") ("SPA I") for the proposed acquisition by ETSB of a unit of four (4) storey semi-detached factory held under Hakmilik Geran No. 174925, Lot No. 20744, Mukim 14, Daerah Seberang Perai Selatan, Negeri Pulau Pinang and bearing assessment address of No. 16, Jalan Perniagaan Vorteks 4, Pusat Perniagaan Vorteks, 14100 Simpang Ampat, Pulau Pinang ("Property I") for a purchase consideration of RM2,900,000 ("Purchase Consideration I") to be satisfied entirely via cash; and

 

ii.   Edelteq Ventures Sdn Bhd ("EVSB"), a 70%-owned subsidiary of Edelteq had, on 10 June 2024 entered into a conditional sale and purchase agreement with Grand-Flo Resources Sdn Bhd ("GFRSB" or the "Vendor II") ("SPA II") for the proposed acquisition by EVSB of a unit of four (4) storey semi-detached factory held under Hakmilik Geran No. 174926, Lot No. 20745, Mukim 14, Daerah Seberang Perai Selatan, Negeri Pulau Pinang and bearing assessment address of No. 12A, Jalan Perniagaan Vorteks 4, Pusat Perniagaan Vorteks, 14100 Simpang Ampat, Pulau Pinang ("Property II") for a purchase consideration of RM2,750,000 ("Purchase Consideration II") to be satisfied entirely via cash

 

Please refer to the attachment for further details on the Proposed Acquisitions.

 

This announcement is dated 10 June 2024.




Please refer attachment below.



Announcement Info

Company Name EDELTEQ HOLDINGS BERHAD
Stock Name EDELTEQ
Date Announced 10 Jun 2024
Category General Announcement for PLC
Reference Number GA1-10062024-00037



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