PROPOSED ACQUISITION BY KARYA KOPERAT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ARK ("KKSB"), OF 3 ADJOINING PARCELS OF VACANT INDUSTRIAL LAND HELD UNDER THE FOLLOWING LAND TITLES HSM 3558, LOT 20238, HSD 6981, LOT 9777 and PN 649, LOT 3222 WHICH ALL LOCATED IN MUKIM 13, DAERAH TIMOR LAUT, PULAU PINANG, MEASURING IN AGGREGATE APPROXIMATELY 107,058 SQUARE METRES (1,152,362 SQUARE FEET) ("THE LANDS") FROM BOUSTEAD PENANG SHIPYARD SDN BHD ("BPSSB") FOR A TOTAL CASH CONSIDERATION OF RM28.00 MILLION ("PROPOSED ACQUISITION")