General Announcement for PLC

17/06/2016

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY") ACQUISITION OF A PIECE OF 60 YEAR STATE LEASEHOLD LAND HELD UNDER PRIVATE LOT NO. 828 ZONE 12C, SITUATED IN THE MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR BY XIN HWA TRADING & TRANSPORT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF XHH

XIN HWA HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
XIN HWA HOLDINGS BERHAD ("XHH" OR THE "COMPANY")

ACQUISITION OF A PIECE OF 60 YEAR STATE LEASEHOLD LAND HELD UNDER PRIVATE LOT NO. 828 ZONE 12C, SITUATED IN THE MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR BY XIN HWA TRADING & TRANSPORT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF XHH

The Board of Directors of XHH wishes to announce that Xin Hwa Trading & Transport Sdn. Bhd., a wholly-owned subsidiary of XHH, has on even date entered into a sale and purchase agreement with Johor Corporation and Johor Logistic Sdn. Bhd. to acquire a piece of 60 years leasehold industrial land known as PLO 828 Zone 12C, Pasir Gudang Industrial Area situated in the Mukim of Plentong, District of Johor Bahru, State of Johor, measuring approximately 7.897 acres for a total cash consideration of RM12,417,851.98, inclusive of Goods and Services Tax at the rate of 6% (“Acquisition”).

Please refer to the attached announcement for further information on the Acquisition.

This announcement is dated 17 June 2016.


Please refer attachment below.


Announcement Info

Company Name XIN HWA HOLDINGS BERHAD
Stock Name XINHWA
Date Announced 17 Jun 2016
Category General Announcement for PLC
Reference Number GA1-17062016-00042


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