TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS COMPUGATES HOLDINGS BERHAD ("COMPUGATES" OR "COMPANY") JOINT VENTURE BETWEEN COMPUGATES DEVELOPMENT AND MINING SDN BHD ("CDMSB"), A 70%-OWNED SUB-SUBSIDIARY OF COMPUGATES, AND MAIN UPTOWN SDN BHD, TO JOINTLY DEVELOP A PARCEL OF LEASEHOLD LAND IDENTIFIED AS H.S.(D) 13828, PT 26800, MUKIM OF DENGKIL, DISTRICT OF SEPANG, SELANGOR DARUL EHSAN, MEASURING APPROXIMATELY 154,990 SQUARE METRES ("LAND") INTO A MIXED DEVELOPMENT ("JOINT VENTURE")

COMPUGATES HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
COMPUGATES HOLDINGS BERHAD ("COMPUGATES" OR "COMPANY")
JOINT VENTURE BETWEEN COMPUGATES DEVELOPMENT AND MINING SDN BHD ("CDMSB"), A 70%-OWNED SUB-SUBSIDIARY OF COMPUGATES, AND MAIN UPTOWN SDN BHD, TO JOINTLY DEVELOP A PARCEL OF LEASEHOLD LAND IDENTIFIED AS H.S.(D) 13828, PT 26800, MUKIM OF DENGKIL, DISTRICT OF SEPANG, SELANGOR DARUL EHSAN, MEASURING APPROXIMATELY 154,990 SQUARE METRES ("LAND") INTO A MIXED DEVELOPMENT ("JOINT VENTURE")

Reference is made to the Company’s announcement dated 19 August 2015, 13 December 2017, 3 May 2018, 24 May 2018 and 15 October 2018.

 

The Board of Directors of Compugates wishes to announce that CDMSB has filed an originating summons against Main Uptown Sdn Bhd in Shah Alam High Court for a declaration that CDMSB is entitled to the full compensation amounting to RM9,397,400 awarded as a result of the compulsory acquisition of 0.9892 hectares of the land held under H.S (D) 13828, PT 26800 (Lot 30729), Mukim Dengkil, Dearah Sepang and for the entire compensation to be released to CDMSB.

 

This announcement is dated 26 March 2019.






Announcement Info

Company Name COMPUGATES HOLDINGS BERHAD
Stock Name COMPUGT
Date Announced 26 Mar 2019
Category General Announcement for PLC
Reference Number GA1-26032019-00042