TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL OF ALL THAT LEASEHOLD LANDS HELD UNDER TITLES NO. H.S.(D) 167540 P.T. NO. -, MUKIM DAMANSARA, DAERAH PETALING, NEGERI SELANGOR AND H.S.(D) 168507 P.T. NO. -, BANDAR SHAH ALAM, DAERAH PETALING, NEGERI SELANGOR TOGETHER WITH THREE (3) UNITS OF SINGLE STOREY DETACHED FACTORIES, A FOUR (4) STOREY OFFICE BLOCK, A SINGLE STOREY CANTEEN/STORE AND A GUARD HOUSE ERECTED THEREON FOR A TOTAL DISPOSAL CONSIDERATION OF RM69,500,000 ("PROPOSED DISPOSAL")

AMALGAMATED INDUSTRIAL STEEL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED DISPOSAL OF ALL THAT LEASEHOLD LANDS HELD UNDER TITLES NO. H.S.(D) 167540 P.T. NO. -, MUKIM DAMANSARA, DAERAH PETALING, NEGERI SELANGOR AND H.S.(D) 168507 P.T. NO. -, BANDAR SHAH ALAM, DAERAH PETALING, NEGERI SELANGOR TOGETHER WITH THREE (3) UNITS OF SINGLE STOREY DETACHED FACTORIES, A FOUR (4) STOREY OFFICE BLOCK, A SINGLE STOREY CANTEEN/STORE AND A GUARD HOUSE ERECTED THEREON FOR A TOTAL DISPOSAL CONSIDERATION OF RM69,500,000 ("PROPOSED DISPOSAL")

(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 26 August 2016 in relation to the Proposed Disposal.)

 

We refer to the announcement dated 26 August 2016 in relation to the Proposed Disposal.

 

The Board of Directors of Amalgamated Industrial Steel Berhad (“AISB” or “the Company”) wishes to announce the following additional information in relation to the Proposed Disposal:-

 

1. Valuation Report

The Valuation Report dated 18 July 2016 was prepared by an independent firm of registered valuers, Messrs Raine & Horne International Zaki + Partners Sdn. Bhd. (“Valuer”).

 

2. Operational Impact upon the Proposed Disposal

The Group is actively looking for a new location to relocate its business operations. The Proposed Disposal is not expected to have material impact on its existing business operations.

 

 

This announcement is dated 30 August 2016.






Announcement Info

Company Name AMALGAMATED INDUSTRIAL STEEL BERHAD
Stock Name AISB
Date Announced 30 Aug 2016
Category General Announcement for PLC
Reference Number GA1-29082016-00126