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On behalf of the Board of Directors (“Board”) of PENTA, OSK Investment Bank Berhad (“OSK”) wishes to announce that, on 15 October 2010, the following agreements were entered into:
Real Properties Sale and Purchase Agreement between Pentamaster Technology (M) Sdn Bhd (“PENTA Technology”), a wholly-owned subsidiary of PENTA as the vendor and Benchmark Electronics (M) Sdn Bhd (“Benchmark” or the “Purchaser”) as the purchaser (“Real Properties SPA”) for the proposed disposal of the following for an aggregate cash consideration of RM42 million:
(i) all that piece of leasehold land known as Pajakan Negeri No. 6458, Lot No. 14819, Mukim 12, District of Barat Daya, State of Pulau Pinang measuring approximately 8,162 square metres together with an office building and a single storey factory erected thereon known as Plot 17A, Medan Bayan Lepas, Technoplex, Taman Perindustrian Bayan Lepas Fasa 4, 11900 Bayan Lepas, Pulau Pinang; and
all that piece of leasehold land known as Pajakan Negeri No. 6451, Lot No. 14837, Mukim 12, District of Barat Daya, State of Pulau Pinang measuring approximately 12,070 square metres together with a double storey factory building erected thereon, known as Plot 17B, Medan Bayan Lepas, Technoplex, Taman Perindustrian Bayan Lepas Fasa 4, 11900 Bayan Lepas, Pulau Pinang,
(collectively known as “Properties”); and
(ii) Assets Sale and Purchase Agreement between Pentamaster Equipment Manufacturing Sdn Bhd (“PENTA Equipment”), a wholly-owned subsidiary of PENTA as the vendor and Benchmark as the purchaser (“Assets SPA”) for the disposal of certain Computerised Numerical Control (“CNC”) fabrication machinery and equipment (“Machineries”) for a cash consideration of RM8 million. |
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