General Announcement for PLC

02/12/2021

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SOUTHERN STEEL BERHAD ("SSB" OR "COMPANY") - PROPOSED DISPOSAL OF LAND IN JOHOR BAHRU, JOHOR BY SSB TO SINPPA INDUSTRIAL SDN BHD FOR RM65 MILLION

SOUTHERN STEEL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
SOUTHERN STEEL BERHAD ("SSB" OR "COMPANY")

- PROPOSED DISPOSAL OF LAND IN JOHOR BAHRU, JOHOR BY SSB TO SINPPA INDUSTRIAL SDN BHD FOR RM65 MILLION

SSB wishes to announce that it has on 1 December 2021 entered into a conditional sale and purchase agreement with Sinppa Industrial Sdn Bhd (“SISB”) for the proposed disposal by SSB to SISB of 2 parcels of land situated at Mukim Sungai Tiram, Daerah Johor Bahru, Negeri Johor for a total cash consideration of RM65,000,000.

 

The detailed announcement is herein attached.

 

This announcement is dated 2 December 2021.


Please refer attachment below.


Announcement Info

Company Name SOUTHERN STEEL BERHAD
Stock Name SSTEEL
Date Announced 02 Dec 2021
Category General Announcement for PLC
Reference Number GA1-02122021-00075


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