The Board of Directors of PESTECH ("Board") is pleased to announce that Fornix Sdn Bhd (Company No. 705247-A) ("FSB"), a wholly-owned subsidiary of the Company had on 2 April 2013 entered into a Sale and Purchase Agreement ("SPA") with Specriver Sdn Bhd (Company No. 700543-W) ("SSB" or "the Vendor") for the acquisition of a piece of industrial land measuring approximately 8,575 square meters held under Geran 207566, Lot 9366 Seksyen 20, Bandar Serendah, Daerah Ulu Selangor, Negeri Selangor ("Land") for a total purchase consideration of RM3,704,400.00 ("Purchase Consideration"), subject to the terms and conditions as contained in the SPA (referred to as "Acquisition").
Please refer to the attachment for full text of the announcement.
This announcement is dated 5 April 2013.