General Announcement for PLC

25/10/2019

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS AME ELITE CONSORTIUM BERHAD ("AME ELITE" OR THE "COMPANY") PROPOSED ACQUISITION OF ALL THAT PIECE OF VACANT LAND MEASURING APPROXIMATELY 6.0768 HECTARES HELD UNDER HS(D) 64398 PTD 107903 MUKIM KULAI, DAERAH KULAI, NEGERI JOHOR FOR A PURCHASE CONSIDERATION OF RM25,000,000.00 BY AME INDUSTRIAL PARK, A WHOLLY-OWNED SUBSIDIARY OF AME ELITE

AME ELITE CONSORTIUM BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
AME ELITE CONSORTIUM BERHAD ("AME ELITE" OR THE "COMPANY")

PROPOSED ACQUISITION OF ALL THAT PIECE OF VACANT LAND MEASURING APPROXIMATELY 6.0768 HECTARES HELD UNDER HS(D) 64398 PTD 107903 MUKIM KULAI, DAERAH KULAI, NEGERI JOHOR FOR A PURCHASE CONSIDERATION OF RM25,000,000.00 BY AME INDUSTRIAL PARK, A WHOLLY-OWNED SUBSIDIARY OF AME ELITE

The Board of Directors of AME ELITE wishes to announce that AME Industrial Park, a wholly-owned subsidiary of AME ELITE, has on 25 October 2019 entered into a sale and purchase agreement with ARYZTA Food Solutions Malaysia Sdn. Bhd. (Registration No.199601030043 [402395-W]) to acquire all that piece of vacant land held under HS(D) 64398 PTD 107903 Mukim Kulai, Daerah Kulai, Negeri Johor measuring approximately 6.0768 hectares, for a total consideration of RM25,000,000.00 to be satisfied via internally generated funds and/or bank borrowing, the quantum of which will be determined later.

Further details of the Proposed Acquisition are set out in the attachment below.

This announcement is dated 25 October 2019. 

 

 


Please refer attachment below.


Announcement Info

Company Name AME ELITE CONSORTIUM BERHAD
Stock Name AME
Date Announced 25 Oct 2019
Category General Announcement for PLC
Reference Number GA1-25102019-00023


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