OTHERS ACQUISITION OF LANDS BY AYER HITAM LAND SDN. BHD., A WHOLLY-OWNED SUBSIDIARY COMPANY

GROMUTUAL BERHAD

Type Announcement
Subject OTHERS
Description
ACQUISITION OF LANDS BY AYER HITAM LAND SDN. BHD., A WHOLLY-OWNED SUBSIDIARY COMPANY

Reference is made to the Announcement of Gromutual Berhad (GMUTUAL) on 20 December 2018 in respect of the Sales and Purchase Agreement (“SPA”) for the purchase of lands by wholly-owned subsidiary of GMUTUAL, Ayer Hitam Land Sdn Bhd (“AHLSB), the Board is pleased to annouce on additional information as follows:-

That the fair market value as appraised by Chenfoo Property Consultants was at RM3,213,350.00 (Ringgit Malaysia Three Million Two Hundred Thirteen Thousand Three Hundred and Fifty Only) with below details :-

No. Lot No.  Provisional Land Area (Hectare / Square Metres) Market Value (RM)
1 PTD 83015 0.2881 hectare (2,881 s.m.) RM 930,325.00
2 PTD 83016 0.2335 hectare (2,335 s.m.)  RM 754,012.00
3 PTD 83017 0.2353 hectare (2,353 s.m.) RM 759,824.00
5 Lot 83018 0.2382 hectare (2,382 s.m.) RM 769,189.00
Total 0.9951 hectare (9,951 s.m.)  RM 3,213,350.00

This announcement is dated 21 December 2018.






Announcement Info

Company Name GROMUTUAL BERHAD
Stock Name GMUTUAL
Date Announced 21 Dec 2018
Category General Announcement for PLC
Reference Number GA1-21122018-00072