TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS ACQUISITION OF TWO (2) PIECES OF FREEHOLD AGRICULTURE LANDS BY KERJAYA PROSPEK (M) SDN. BHD. FROM KERJAYA PROPERTY SDN. BHD. (FORMERLY KNOWN AS KERJAYA PROSPEK PROPERTY SDN. BHD.), A RELATED PARTY

KERJAYA PROSPEK GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
ACQUISITION OF TWO (2) PIECES OF FREEHOLD AGRICULTURE LANDS BY KERJAYA PROSPEK (M) SDN. BHD. FROM KERJAYA PROPERTY SDN. BHD. (FORMERLY KNOWN AS KERJAYA PROSPEK PROPERTY SDN. BHD.), A RELATED PARTY

The Board of Directors of the Company wishes to announce that Kerjaya Prospek (M) Sdn. Bhd., a wholly-owned subsidiary of the Company has on 2 January 2020 entered into a Sale and Purchase Agreement with Kerjaya Property Sdn. Bhd. (formerly known as Kerjaya Prospek Property Sdn. Bhd.), a company owned by Datuk Tee Eng Ho and  Mr. Tee Eng Seng, the major shareholders and Directors of the Company, for the acquisition of two (2) pieces of freehold agriculture lands for a total purchase consideration of RM10,011,110.00, detailed as follows:-

1. All that piece of freehold agriculture land held under individual title no. GM 3564, Lot 698 in the Mukim of Serendah, Daerah Hulu Selangor and State of Selangor measuring approximately 3.1869 hectare; and

2. All that piece of freehold agriculture land held under individual title no. GM 3565, Lot 703 in the Mukim of Serendah, Daerah Hulu Selangor and State of Selangor measuring approximately 1.1255 hectare.

Details of the announcement are set out in the file attached.




Please refer attachment below.



Announcement Info

Company Name KERJAYA PROSPEK GROUP BERHAD
Stock Name KERJAYA
Date Announced 02 Jan 2020
Category General Announcement for PLC
Reference Number GA1-02012020-00015