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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS Proposed acquisition of land by Yoon Lian Realty Sdn Bhd (YLRSB)

HUA YANG BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
Proposed acquisition of land by Yoon Lian Realty Sdn Bhd (YLRSB)

The Board of Directors of HYB wishes to announce that the wholly-owned subsidiary of the Company, YLRSB had today entered into conditional Sale and Purchase Agreements (SPA) with Bumi Semarak Development Sdn Bhd, a company incorporated in Malaysia with its registered office at No.81 (2nd Floor) Jalan Market, 30000 Ipoh, Perak Darul Ridzuan and its business address at No. 25, Medan Istana 6, Bandar Ipoh Raya, 30000 Ipoh, Perak Darul Ridzuan (the “Vendor” or “BSDSB”) for the purpose of acquiring one parcel of land, more particularly described below, for a total cash consideration of RM15,313,005.00 (“Purchase Price”) (the “Proposed Acquisition”).

Further details of the Proposed Acquisition are set out in the appendix below.




Please refer attachment below.



Announcement Info

Company Name HUA YANG BERHAD
Stock Name HUAYANG
Date Announced 05 May 2017
Category General Announcement for PLC
Reference Number GA1-20042017-00004


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