TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DISPOSAL OF 6 PARCELS OF FREEHOLD LANDS MEASURING APPROXIMATELY 559,139.90 SQUARE METRES (138.17 ACRES) IN TOTAL, ALL IN PEKAN SUNGAI GADUT, DAERAH SEREMBAN, NEGERI SEMBILAN BY BRIGHT TERM SDN BHD, A WHOLLY OWNED SUBSIDIARY OF LAND & GENERAL BHD ("LGB") TO VIVAFIRST SDN BHD, A WHOLLY OWNED SUBSIDIARY OF LAGENDA PROPERTIES BHD
| LAND & GENERAL BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | DISPOSAL OF 6 PARCELS OF FREEHOLD LANDS MEASURING APPROXIMATELY 559,139.90 SQUARE METRES (138.17 ACRES) IN TOTAL, ALL IN PEKAN SUNGAI GADUT, DAERAH SEREMBAN, NEGERI SEMBILAN BY BRIGHT TERM SDN BHD, A WHOLLY OWNED SUBSIDIARY OF LAND & GENERAL BHD ("LGB") TO VIVAFIRST SDN BHD, A WHOLLY OWNED SUBSIDIARY OF LAGENDA PROPERTIES BHD |
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The Board of Directors of LGB wishes to announce that Bright Term Sdn Bhd, a wholly-owned subsidiary of LGB, had on 20 March 2025 entered into a sale and purchase agreement with Vivafirst Sdn Bhd, a wholly-owned subsidiary of Lagenda Properties Berhad to dispose six (6) parcels of freehold lands for a total cash consideration of RM60,185,400.00.
Please refer to the attachment for further details.
This announcement is dated 20 March 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | LAND & GENERAL BERHAD |
| Stock Name | L&G |
| Date Announced | 20 Mar 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20032025-00060 |