News

Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

BackNov 03, 2021
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

PENTAMASTER CORPORATION BERHAD ("PCB" OR THE "COMPANY")

PROPOSED ACQUISITION OF LAND BY PENTAMASTER EQUIPMENT MANUFACTURING SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PENTAMASTER INTERNATIONAL LIMITED, WHICH IN TURN IS A SUBSIDIARY OF PCB

 

The Board of Directors of Pentamaster Corporation Berhad ("PCB" or “the Company”) is pleased to announce that Pentamaster Equipment Manufacturing Sdn Bhd ("PEMSB” or the "Purchaser"), a wholly-owned subsidiary of Pentamaster International Limited (“PIL”), which in turn is a subsidiary of PCB in which PCB holds 63.46% equity interest, has on 3 November 2021 entered into a sale and purchase agreement (“SPA”) with the Penang Development Corporation ("PDC” or the "Vendor") for the proposed acquisition of a piece of leasehold land as detailed in Paragraph 3.1 (“the Land”) for a total cash consideration of Ringgit Malaysia Twenty Eight Million Two Hundred Seventy Nine Thousand Three Hundred and Four and Sen Thirty Five (RM28,279,304.35) (the “Purchase Price”) (hereinafter referred to as “the Proposed Acquisition”).

 

Please refer to the attachment for further details.

 

This announcement is dated 3 November 2021.

 

Please refer attachment below.


Announcement Info

Company Name PENTAMASTER CORPORATION BERHAD
Stock Name PENTA
Date Announced 03 Nov 2021
Category General Announcement for PLC
Reference Number GA1-03112021-00055

Attachments

  1. announcement_Acquisition_of_land.pdf (Size: 150,567 bytes)