General Announcement for PLC

08/08/2019

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ADVANCE SYNERGY BERHAD ("ASB" OR "THE COMPANY") PROPOSED BUYBACK OF HOLIDAY VILLA BEACH RESORT & SPA CHERATING FROM AMANAH RAYA BERHAD

ADVANCE SYNERGY BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
ADVANCE SYNERGY BERHAD ("ASB" OR "THE COMPANY")
PROPOSED BUYBACK OF HOLIDAY VILLA BEACH RESORT & SPA CHERATING FROM AMANAH RAYA BERHAD

The Board of Directors of ASB wishes to announce that Cherating Holiday Villa Berhad (Company No. 118734-W)(“CHV” or “Purchaser”), an indirect wholly-owned subsidiary of the Company, had on 8 August 2019 entered into a Sale and Purchase Agreement (“Agreement”) with Amanah Raya Berhad (Company No. 344986-V) )(as Trustee for the Common Fund)(“AmanahRaya” or “Vendor”) to buyback a resort hotel consisting of an administration building, hotel / apartment blocks, standard and individually designed chalets and villas and other ancillary buildings and structures known as Holiday Villa Cherating (“Property”) which are erected on five (5) parcels of freehold lands measuring in aggregate area of approximately 42,634.7875 square metres (collectively referred to as “Property”) for a buyback price of RM22,965,600.00 only (“Buyback Price”) free from all encumbrances and on an ”as is where is” basis (“Proposed Buyback”).

Further details on the Proposed Buyback are set out in the attachment.

This announcement is dated 8 August 2019.


Please refer attachment below.


Announcement Info

Company Name ADVANCE SYNERGY BERHAD
Stock Name ASB
Date Announced 08 Aug 2019
Category General Announcement for PLC
Reference Number GA1-08082019-00057


Related Announcements for ASB
Date Title
17/08/2022 OTHERS Announcement on the notice of payment of interim dividend and record date by Captii Limited ("Captii"), an indirect 58.3%-owned subsidiary of Advance Synergy Berhad, to the Singapore Exchange Securities Trading Limited ("SGX")
15/08/2022 MULTIPLE PROPOSALS ADVANCE SYNERGY BERHAD ("ASB" OR THE "COMPANY") (I) PROPOSED RIGHTS ISSUE; (II) PROPOSED EXEMPTION; AND (III) PROPOSED SGS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
10/08/2022 OTHERS Announcement on the unaudited second quarter financial results by Captii Limited ("Captii"), an indirect 58.3%-owned subsidiary of Advance Synergy Berhad, to the Singapore Exchange Securities Trading Limited ("SGX")
17/06/2022 MULTIPLE PROPOSALS ADVANCE SYNERGY BERHAD ("ASB" OR THE "COMPANY") (I) PROPOSED RIGHTS ISSUE; (II) PROPOSED EXEMPTION; AND (III) PROPOSED SGS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
19/05/2022 MULTIPLE PROPOSALS ADVANCE SYNERGY BERHAD ("ASB" OR THE "COMPANY") (I) PROPOSED RIGHTS ISSUE; (II) PROPOSED EXEMPTION; AND (III) PROPOSED SGS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
11/05/2022 OTHERS Announcement on the unaudited first quarter financial results by Captii Limited (Captii), an indirect 58.3%-owned subsidiary of Advance Synergy Berhad, to the Singapore Exchange Securities Trading Limited (SGX)
27/04/2022 OTHERS ADVANCE SYNERGY BERHAD ("ASB") Announcement by Captii Limited ("Captii"), an indirect 58.3%-owned subsidiary of ASB, to the Singapore Exchange Securities Trading Limited ("SGX")
11/04/2022 OTHERS ADVANCE SYNERGY BERHAD ("ASB" or "Company") PROPOSED SINGLE TIER DIVIDEND
07/04/2022 MULTIPLE PROPOSALS ADVANCE SYNERGY BERHAD ("ASB" OR "COMPANY") (I) PROPOSED RIGHTS ISSUE; (II) PROPOSED EXEMPTION; AND (III) PROPOSED SGS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
11/03/2022 MULTIPLE PROPOSALS ADVANCE SYNERGY BERHAD ("ASB" OR "COMPANY") (I) PROPOSED RIGHTS ISSUE; (II) PROPOSED EXEMPTION; AND (III) PROPOSED SGS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")