Transactions (Chapter 10 Of Listing Requirements): Non Related Party Transactions

BackMay 10, 2013
Admission Sponsor Hong Leong Investment Bank Berhad
Sponsor
Same as above
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 SEVEN (7) UNITS OF OFFICE SUITES WITHIN AN ON-GOING DEVELOPMENT PROJECT KNOWN AS “SUNWAY NEXIS SOHO” ERECTED ON THE LAND HELD UNDER MASTER TITLE PN 94193, LOT 656570 (FORMERLY KNOWN AS H.S. (D) NO. 145186, PT NO. 371) [FORMERLY FORMING PART OF LAND UNDER MASTER TITLE H.S (D) 103054, PT NO. 33491] IN THE MUKIM PEKAN BARU SUNGAI BULOH, DAERAH PETALING, NEGERI SELANGOR FOR A TOTAL CASH CONSIDERATION OF RM11,145,750.00

The Board of Directors of HHH (“Board”) is pleased to announce that the Company had on 10 May 2013 entered into seven (7) separate Sale and Purchase Agreements (“SPAs”) with Sunway Damansara Sdn Bhd (“SDSB” or “the Vendor”) and Perbadanan Kemajuan Negeri Selangor (“the Proprietor”) for the acquisition of seven (7) units of office suites within an on-going development project known as “Sunway Nexis Soho” erected on the land held under Master Title PN 94193, Lot 656570 (formerly known as H.S. (D) No. 145186, PT No. 371) [formerly forming part of land under Master Title H.S (D) 103054, PT No. 33491] in the Mukim Pekan Baru Sungai Buloh, Daerah Petaling, Negeri Selangor (“the Land”) with the total net floor areas of 1,084 square metres (“the Properties”) for a total cash consideration of RM11,145,750.00 (“Purchase Consideration”) (“Proposed Acquisition”).

The details of the Proposed Acquisition are set out in the attachment herein.

This announcement is dated 10 May 2013.


Announcement Info

Company Name HIAP HUAT HOLDINGS BERHAD (ACE Market) 
Stock Name HHHCORP    
Date Announced 10 May 2013  
Category General Announcement
Reference No CC-130509-59589

Attachments

  1. HHH_100513.pdf (Size: 160,031 bytes)