General Announcement for PLC

25/05/2021

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") - PROPOSED ACQUISITION BY POWERWELL INTERNATIONAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY OF A PROPERTY FOR A TOTAL CASH CONSIDERATION OF RM11,500,000.00 ("PROPOSED ACQUISITION") - ADDITIONAL INFORMATION

POWERWELL HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY")
- PROPOSED ACQUISITION BY POWERWELL INTERNATIONAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY OF A PROPERTY FOR A TOTAL CASH CONSIDERATION OF RM11,500,000.00 ("PROPOSED ACQUISITION")
- ADDITIONAL INFORMATION

Reference is made to the Company's announcement dated 20 May 2021 in relation to the Proposed Acquistion (“Announcement”). Unless otherwise defined, the defined terms used in this announcement shall carry the same meaning as those defined in the Announcement.


Further to the Announcement, the Company wishes to provide the following additional information in relation to the valuation of the Property:


1. The valuer has adopted the "Comparison Approach" in the valuation report.

2. The Valuation Report is available for inspection at the registered office of Powerwell at Suite 11.1A, Level 11, Menara Weld, 76, Jalan Raja Chulan, 50200 Kuala Lumpur, during office hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the Announcement.

 

This announcement is dated 25 May 2021.



Announcement Info

Company Name POWERWELL HOLDINGS BERHAD
Stock Name PWRWELL
Date Announced 25 May 2021
Category General Announcement for PLC
Reference Number GA1-24052021-00164


Related Announcements for PWRWELL
Date Title
04/08/2022 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR "THE COMPANY") PROPOSED VARIATION AND EXTENSION OF TIMEFRAME OF THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING ("IPO") OF POWERWELL
14/06/2022 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR "THE COMPANY") ACCEPTANCE OF SUPPLY CONTRACT AMOUNTING TO RM94,116,600.00
30/05/2022 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR "COMPANY") VARIATION AND EXTENSION OF TIMEFRAME OF THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING
16/03/2022 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") ACCEPTANCE OF SUPPLY CONTRACT AMOUNTING TO RM39,871,820.00
14/03/2022 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") ACCEPTANCE OF SUPPLY CONTRACT AMOUNTING TO RM39,871,820.00
22/07/2021 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") - PROPOSED ACQUISITION BY POWERWELL INTERNATIONAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY OF A PROPERTY FOR A TOTAL CASH CONSIDERATION OF RM11,500,000.00 ("PROPOSED ACQUISITION")
13/07/2021 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") ACCEPTANCE OF SUPPLY CONTRACT AMOUNTING TO RM9,588,675.00
14/06/2021 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") ACCEPTANCE OF SUPPLY CONTRACT AMOUNTING TO USD2.135 MILLION
24/05/2021 OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR "COMPANY") EXTENSION OF TIME FOR THE UTILISATION OF PROCEEDS RAISED FROM THE INITIAL PUBLIC OFFERING ("IPO")
20/05/2021 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") - PROPOSED ACQUISITION BY POWERWELL INTERNATIONAL SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF A PROPERTY FOR A TOTAL CASH CONSIDERATION OF RM11,500,000.00 ("PROPOSED ACQUISITION")