TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS HENG HUAT RESOURCES GROUP BERHAD ("HENG HUAT" OR "COMPANY") PROPOSED ACQUISITION OF LAND

HENG HUAT RESOURCES GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
HENG HUAT RESOURCES GROUP BERHAD ("HENG HUAT" OR "COMPANY") 
PROPOSED ACQUISITION OF LAND

The Board of Directors of Heng Huat (“Board”) wishes to announce that, HK Kitaran Sdn Bhd (“HKKSB” or the “Purchaser”), a wholly-owned subsidiary of Heng Huat Industries Holdings Sdn. Bhd. who in turn is a wholly-owned subsidiary of Heng Huat, had on 31 December 2018 entered into a conditional sale and purchase agreement (“SPA”) with HK Alliance Sdn Bhd (“HKASB” or the “Vendor”) for the proposed acquisition of a piece of freehold industrial land measuring 9,147 square meter located at Sungai Baong, Seberang Perai Selatan, Negeri Pulau Pinang (“Land”) for a cash consideration of RM3,800,000 (“ Proposed Acquisition”).

 

Please refer to the full details of the announcement as attached. 

 

This announcement is dated 31 December 2018.




Please refer attachment below.



Announcement Info

Company Name HENG HUAT RESOURCES GROUP BERHAD
Stock Name HHGROUP
Date Announced 31 Dec 2018
Category General Announcement for PLC
Reference Number GA1-27122018-00021