Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | HIAP HUAT HOLDINGS BERHAD ("HHH" OR "THE COMPANY") - PROPOSED ACQUISITION OF LAND AND BUILDINGS AND PLANT AND MACHINERIES LOCATED AT LOT 60472, KAWASAN PERINDUSTRIAN TELUK KALONG, 24000 KEMAMAN, TERENGGANU |
The Company received a Notice of Acceptance dated 16 May 2025 from Paka Petroleum Sdn. Bhd. (In Receivership) ("Vendor" or "PPSB"), confirming its acceptance of the Company's offer to acquire a land and buildings and plant and machineries located at Lot 60472, Kawasan Perindustrian Teluk Kalung, 24000 Kemaman, Terengganu ("Asset") for a total consideration of Ringgit Malaysia Nine Million Five Hundred Thousand (RM9,500,000.00) only, subject to the terms and conditions contained in the Information Memorandum and Sale and Purchase Agreement ("SPA") ("Proposed Acquisition").
Pursuant to Rule 10.06 of the ACE Market Listing Requirements ("AMLR") of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Board of Directors of HHH wishes to announce that Relgnite Energy Sdn. Bhd. (Formerly known as SMachine Sdn. Bhd.) ("Purchaser" or "RESB"), a wholly owned subsidiary of the Company had on 20 June 2025 entered into a Sale and Purchase Agreement ("SPA") with PPSB (collectively referred to as the "Parties" and individually as the "Party") for the purchase of the said Asset, subject to the terms and conditions contained in the SPA.
This announcement is dated 23 June 2025. |
Please refer attachment below.
Announcement Info
Company Name | HIAP HUAT HOLDINGS BERHAD |
Stock Name | HHHCORP |
Date Announced | 23 Jun 2025 |
Category | General Announcement for PLC |
Reference Number | GA1-23062025-00014 |
Attachments