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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS ISKANDAR WATERFRONT CITY BERHAD (IWCITY OR THE COMPANY) - HEADS OF AGREEMENT IN RELATION TO THE PROPOSED DISPOSAL OF 2 PARCELS OF VACANT UNCONVERTED DEVELOPMENT LAND (PROPOSED DISPOSAL)

ISKANDAR WATERFRONT CITY BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
ISKANDAR WATERFRONT CITY BERHAD (IWCITY OR THE COMPANY)
- HEADS OF AGREEMENT IN RELATION TO THE PROPOSED DISPOSAL OF 2 PARCELS OF VACANT UNCONVERTED DEVELOPMENT LAND (PROPOSED DISPOSAL)

The Board of Directors of IWCity wishes to announce that the Company had on 13 May 2022 entered into a Heads of Agreement with Knusford Berhad (“KB”) in regards to the proposed disposal of 2 parcels of vacant unconverted development land in Tanjung Danga, Johor Bahru (“Lands”) by Success Straits Sdn Bhd, a wholly-owned subsidiary of IWCity, to KB or its nominee(s) for a disposal consideration to be determined (“Disposal Consideration”) (“Proposed Disposal”).

 

Please refer to the attachment for the details of the announcement.

 

This announcement is dated 13 May 2022.




Please refer attachment below.

Attachments

IWCITY announcement.pdf
70.2 kB



Announcement Info

Company Name ISKANDAR WATERFRONT CITY BERHAD
Stock Name IWCITY
Date Announced 13 May 2022
Category General Announcement for PLC
Reference Number GA1-13052022-00069


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