On behalf of the Board of Directors of CCB, UOB Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) is pleased to announce that Crescendo Development Sdn Bhd, a wholly-owned subsidiary of CCB, had on 14 November 2025, entered into the following:- 

(i)            a conditional sale and purchase agreement with Pioneer Real Estate Development Sdn Bhd (“PRED” or the “Purchaser”), for the disposal of a vacant industrial land measuring approximately 40.10 acres or 1,746,753.85 square feet (“sq ft”), held under land title no. H.S.(D) 62047 PTD 50886 in the Mukim and District of Kota Tinggi, State of Johor for a total cash consideration of approximately RM200.88 million (“Proposed Disposal 1”); and

(ii)           a right to purchase and sale and purchase agreement (“ROFR Agreement”) with PRED, which grants PRED the following:-

(a)         a right of first refusal to purchase a vacant industrial land measuring approximately 49.72 acres or 2,165,805.40 sq ft, held under land title no. H.S.(D) 62048 PTD 50892 in the Mukim and District of Kota Tinggi, State of Johor (“Subject Property 2”); and

(b)         a right to purchase Subject Property 2,

from the date of the ROFR Agreement up until 31 May 2026 for a total cash consideration of approximately RM249.07 million (“Proposed Disposal 2”).

(Proposed Disposal 1 and Proposed Disposal 2 are collectively referred to as the “Proposals”).

Further details of the Proposals are set out in the attachment below.

This announcement is dated 14 November 2025.