The Board of Directors of Oversea wishes to announce that its wholly-owned subsidiary, HCH had on 18 January 2013 entered into three (3) Sale and Purchase Agreements (SPA) with Chong Chien Liong and Wong Tsuen Fa to dispose off three (3) units of retail units, all erected on the land held under H.S.(D) 10551 for PT 6645 (Lot 030921) situated in the Mukim of Petaling, Serdang Baru, Negeri Selangor (Properties), free from encumbrances, for a total cash consideration of RM150,000.00 (Disposal).
Further details of the Disposal are set out in the ensuing attachment.
This is a voluntary announcement pursuant to Rule 10.05(2) of the Ace Market Listing Requirements of Bursa Malaysia Securities Berhad.
This announcement is dated 21 January 2013.