General Announcement for PLC

18/03/2021

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SEREMBAN ENGINEERING BERHAD ("SEB" OR THE "COMPANY") PROPOSED DISPOSAL BY SEB OF A PIECE OF INDUSTRIAL LAND HELD UNDER THE TITLE GRN 85454, LOT 19731, BANDAR KUNDANG, DISTRICT OF GOMBAK, STATE OF SELANGOR, TOGETHER WITH AN INDIVIDUAL-DESIGNED FACTORY COMPLEX ERECTED THEREON FOR A TOTAL CASH CONSIDERATION OF RM8.00 MILLION

SEREMBAN ENGINEERING BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
SEREMBAN ENGINEERING BERHAD ("SEB" OR THE "COMPANY")

PROPOSED DISPOSAL BY SEB OF A PIECE OF INDUSTRIAL LAND HELD UNDER THE TITLE GRN 85454, LOT 19731, BANDAR KUNDANG, DISTRICT OF GOMBAK, STATE OF SELANGOR, TOGETHER WITH AN INDIVIDUAL-DESIGNED FACTORY COMPLEX ERECTED THEREON FOR A TOTAL CASH CONSIDERATION OF RM8.00 MILLION

On behalf of the Board of Directors of SEB, UOB Kay Hian Securities (M) Sdn Bhd is pleased to announce that SEB had on, 18 March 2021 entered into a conditional sale and purchase agreement ("SPA") with Qube Medical Products Sdn Bhd for the proposed disposal of a piece of industrial land held under the title GRN 85454, Lot 19731, Bandar Kundang, District of Gombak, State of Selangor, together with an individual-designed factory complex erected thereon bearing postal address No. 17, Jalan KPK 4/3, Kundang Industrial Park, 48020 Rawang, Selangor Darul Ehsan, for a total cash consideration of RM8.00 million on the terms and conditions contained in the SPA ("Proposed Disposal").

Details of the Proposed Disposal are set out in the attachment enclosed.

 

This announcement is dated 18 March 2021.


Please refer attachment below.


Announcement Info

Company Name SEREMBAN ENGINEERING BERHAD
Stock Name SEB
Date Announced 18 Mar 2021
Category General Announcement for PLC
Reference Number GA1-18032021-00101


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