General Announcement for PLC

06/09/2021

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TELADAN SETIA GROUP BERHAD ("TELADAN" OR THE "COMPANY") PROPOSED ACQUISITION OF 5 PARCELS OF LEASEHOLD LAND IN MUKIM OF AYER PANAS, DISTRICT OF JASIN, STATE OF MELAKA, MEASURING AN APPROXIMATE AREA OF 136.916 HECTARES IN AGGREGATE BY RIVERWELL RESOURCES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF TELADAN FOR A TOTAL CASH CONSIDERATION OF RM117,897,754 ("PROPOSED ACQUISITION")

TELADAN SETIA GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
TELADAN SETIA GROUP BERHAD ("TELADAN" OR THE "COMPANY")

PROPOSED ACQUISITION OF 5 PARCELS OF LEASEHOLD LAND IN MUKIM OF AYER PANAS, DISTRICT OF JASIN, STATE OF MELAKA, MEASURING AN APPROXIMATE AREA OF 136.916 HECTARES IN AGGREGATE BY RIVERWELL RESOURCES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF TELADAN FOR A TOTAL CASH CONSIDERATION OF RM117,897,754 ("PROPOSED ACQUISITION")

On behalf of the Board of Directors of Teladan (“Board”), M & A Securities Sdn Bhd is pleased to announce that Riverwell Resources Sdn Bhd (“Riverwell” or “Purchaser”), a wholly-owned subsidiary of Teladan, had on 6 September 2021 entered into a conditional sale and purchase agreement (“SPA”) with Bakat Muhibbah Sdn Bhd (“BMSB” or “Vendor”), wherein BMSB shall sell and Riverwell shall purchase 5 parcels of leasehold land, all of which are situated in the Mukim of Ayer Panas, District of Jasin, State of Melaka, measuring an approximate area of 136.916 hectares in aggregate (collectively referred to as “Lands”) for a total cash consideration of RM117,897,754 only (“Purchase Consideration”).

 

Kindly refer to the attachment for further details on the Proposed Acquisition.

 

This announcement is dated 6 September 2021.


Please refer attachment below.


Announcement Info

Company Name TELADAN SETIA GROUP BERHAD
Stock Name TELADAN
Date Announced 06 Sep 2021
Category General Announcement for PLC
Reference Number GA1-06092021-00093


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