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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TOYO VENTURES HOLDINGS BERHAD ("TVHB" OR "THE COMPANY") - PROPOSED ACQUISITION OF A PIECE OF FREEHOLD LAND TOGETHER WITH ONE UNIT OF SINGLE STOREY SEMI-DETACHED FACTORY WITH TWO STOREY OFFICE (TYPE D) BY EDM MACHINING SOLUTIONS (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY FOR A TOTAL CONSIDERATION OF RM2,650,000.00 ("PROPOSED ACQUISITION")

TOYO VENTURES HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
TOYO VENTURES HOLDINGS BERHAD ("TVHB" OR "THE COMPANY")
-	PROPOSED ACQUISITION OF A PIECE OF FREEHOLD LAND TOGETHER WITH ONE UNIT OF SINGLE STOREY SEMI-DETACHED FACTORY WITH TWO STOREY OFFICE (TYPE D) BY EDM MACHINING SOLUTIONS (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY FOR A TOTAL CONSIDERATION OF RM2,650,000.00 ("PROPOSED ACQUISITION")

The Board of Directors of Toyo Ventures Holdings Berhad (“TVHB” or “the Company”) wishes to announce that on 11 August 2021, EDM Machining Solutions (M) Sdn. Bhd. [Company No. 200201001804 (569467-W)], a wholly-owned subsidiary of TVHB, had entered into a Sale and Purchase Agreement with VC Merit Sdn Bhd [Company No. 201301017195 (1047028-K)] for the acquisition of a piece of freehold land together with one unit of single storey semi-detached factory with two storey office (Type D) at the address known as No. 36, Jalan Puncak, Taman Perindustrian Puncak, 81800 Ulu Tiram, Johor, for a total cash consideration of RM2,650,000.00 ("Proposed Acquisition").

 

Please refer to the attachment for the full announcement on the Proposed Acquisition.

 

This announcement is dated 11 August 2021.




Please refer attachment below.



Announcement Info

Company Name TOYO VENTURES HOLDINGS BERHAD
Stock Name TOYOVEN
Date Announced 11 Aug 2021
Category General Announcement for PLC
Reference Number GA1-21072021-00093


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