OTHERS KYM HOLDINGS BHD ("KYM" OR THE "COMPANY") - PROPOSED VARIATION OF THE UTILISATION OF PROCEEDS RAISED FROM THE DISPOSAL BY ANABATIC SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF KYM, OF A LEASEHOLD INDUSTRIAL LAND LOCATED IN ULU LANGAT, SELANGOR DARUL EHSAN
| KYM HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | KYM HOLDINGS BHD ("KYM" OR THE "COMPANY")
- PROPOSED VARIATION OF THE UTILISATION OF PROCEEDS RAISED FROM THE DISPOSAL BY ANABATIC SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF KYM, OF A LEASEHOLD INDUSTRIAL LAND LOCATED IN ULU LANGAT, SELANGOR DARUL EHSAN |
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Reference is made to the Company’s Circular to Shareholders dated 24 May 2022 in relation to the disposal by Anabatic Sdn. Bhd., a wholly-owned subsidiary of KYM Holdings Bhd of a leasehold industrial land located at No.7, Jalan Perusahaan 1, Beranang Industrial Estate, 43700 Beranang, Selangor Darul Ehsan for a total cash consideration of approximately RM22.975 million (“Disposal”).The disposal was completed on 10 March 2023.
As at 10 June 2024, being the latest practicable date of this announcement, the unutilised balance gross proceeds from the Disposal stood at approximately RM2.300 million ("Balance Proceeds"). The Board of Directors of KYM wishes to announce that the Company has resolved to vary the utilisation of the Balance Proceeds in the manner as set out in this announcement.
The details of the announcement is attached.
This announcement is dated 11 June 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | KYM HOLDINGS BERHAD |
| Stock Name | KYM |
| Date Announced | 11 Jun 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11062024-00063 |