TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MELATI EHSAN HOLDINGS BERHAD ("MEHB" OR "COMPANY") PROPOSED ACQUISITION BY BAYU MELATI SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MEHB, OF THREE (3) PARCELS OF LEASEHOLD LAND IDENTIFIED AS H.S.(D) 54886, 54887 AND 54888 FOR PT NO. 4505, 4506 AND 4507, MUKIM BANDAR SELAYANG, DISTRICT GOMBAK, STATE OF SELANGOR FOR AN AGGREGATE CASH CONSIDERATION OF APPROXIMATELY RM77.74 MILLION ("PROPOSED ACQUISITION")

MELATI EHSAN HOLDINGS BERHAD

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

PROPOSED ACQUISITION BY BAYU MELATI SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MEHB, OF THREE (3) PARCELS OF LEASEHOLD LAND IDENTIFIED AS H.S.(D) 54886, 54887 AND 54888 FOR PT NO. 4505, 4506 AND 4507, MUKIM BANDAR SELAYANG, DISTRICT GOMBAK, STATE OF SELANGOR FOR AN AGGREGATE CASH CONSIDERATION OF APPROXIMATELY RM77.74 MILLION ("PROPOSED ACQUISITION")

On behalf of the Board of Directors of MEHB, M&A Securities Sdn Bhd is pleased to announce that Bayu Melati Sdn Bhd, a wholly-owned subsidiary of MEHB, had on 15 April 2016 entered into a conditional sale and purchase agreement with Aturan Utama Sdn Bhd for the Proposed Acquisition.

Further details of the Proposed Acquisition are disclosed in the attachment herein.

This announcement is dated 15 April 2016.




Please refer attachment below.

Attachments

MEHB - Land Acq.pdf
168.6 kB



Announcement Info

Company Name MELATI EHSAN HOLDINGS BERHAD
Stock Name MELATI
Date Announced 15 Apr 2016
Category General Announcement for PLC
Reference Number GA1-15042016-00076