ASIAPAC

0.130

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF A COMMERCIAL BUILDING KNOWN AS “JAYA SHOPPING CENTRE” IN DAERAH PETALING, BANDAR PETALING JAYA BY PRIMADANA UTAMA SDN BHD, A WHOLLY OWNED SUBSIDIARY OF ASIAN PAC HOLDINGS BERHAD, FOR A TOTAL CASH CONSIDERATION OF RM100 MILLION

ASIAN PAC HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION OF A COMMERCIAL BUILDING KNOWN AS “JAYA SHOPPING CENTRE” IN DAERAH PETALING, BANDAR PETALING JAYA BY PRIMADANA UTAMA SDN BHD, A WHOLLY OWNED SUBSIDIARY OF ASIAN PAC HOLDINGS BERHAD, FOR A TOTAL CASH CONSIDERATION OF RM100 MILLION

Pursuant to Chapter 10 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad , the Board of Directors of Asian Pac Holdings Berhad ("APHB") wishes to annoucne that Primadana Utama Sdn. Bhd. [Company No. 199101002007 (212318-T)], a wholly owned subsidiary of APHB, had, on 28 February 2025 entered into a Sale and Purchase Agreement (“SPA”) with Jaya Section Fourteen Sdn. Bhd. [Company No. 200501023660 (705792-K)], for the acquisition of Jaya Shopping Centre, a seven storeys shopping mall with a lower ground floor and four levels of basement car park having 786 car park bays measuring an approximate area of 92,712 sq ft, held under No. Hakmilik 173945, Daerah Petaling, Bandar Petaling Jaya for a total cash consideration of RM100,000,000 (Ringgit Malaysia One Hundred Million Only) subject to the terms and conditions as stipulated in the SPA.

 

Please refer to the attachment for details of the announcement.

 

This announcement is dated 3 March 2025.




Please refer attachment below.



Announcement Info

Company Name ASIAN PAC HOLDINGS BERHAD
Stock Name ASIAPAC
Date Announced 03 Mar 2025
Category General Announcement for PLC
Reference Number GA1-03032025-00025