OTHERS BINASAT COMMUNICATIONS BERHAD ("BINASAT" OR "THE COMPANY") - SUPPLEMENTAL SUB-LEASE AGREEMENT OF LAND FROM TECHNOLOGY PARK MALAYSIA CORPORATION SDN BHD

BINASAT COMMUNICATIONS BERHAD

Type Announcement
Subject OTHERS
Description
BINASAT COMMUNICATIONS BERHAD ("BINASAT" OR "THE COMPANY")
 - SUPPLEMENTAL SUB-LEASE AGREEMENT OF LAND FROM TECHNOLOGY PARK MALAYSIA CORPORATION SDN BHD

The Company had, on 1 June 2018, entered into a sub-lease agreement with Technology Park Malaysia Corporation Sdn Bhd (“TPMC” or “Sub-Lessor”) for the sub-leasing of a portion of land with a land area of approximately 1.60 acres in Technology Park Malaysia Bukit Jalil held under Lot No. PT 13824, HS(D) 116031, Mukim Petaling, District of Petaling, State of Wilayah Persekutuan (“Land”) for a total sub-lease consideration of RM6,272,640 (“Sub-Lease of Land”) (“Sub-Lease Agreement”).

 

Subsequent to the above, the Board of Directors of Binasat wishes to announce that Binasat had, on 11 September 2019, entered into a supplemental sub-lease agreement with TPMC to amend certain terms of the Sub-Lease Agreement (“Supplemental Sub-Lease Agreement”).

 

Kindly refer to the attached announcement for further details. 

 

This announcement is dated 11 September 2019.




Please refer attachment below.



Announcement Info

Company Name BINASAT COMMUNICATIONS BERHAD
Stock Name BINACOM
Date Announced 11 Sep 2019
Category General Announcement for PLC
Reference Number GA1-10092019-00057