Investor
Relations

Announcements

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

BackDec 03, 2024
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description PROPOSED ACQUISITION BY MAYANG SEPAKAT SDN. BHD., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF RADIUM OF A PIECE OF LEASEHOLD LAND HELD UNDER PN110508, LOT NO. 62019 SEKSYEN 15, BANDAR AMPANG, DAERAH ULU LANGAT, NEGERI SELANGOR DARUL EHSAN FOR A TOTAL PURCHASE CONSIDERATION OF RM45,000,888.00 ("PROPOSED ACQUISITION")

The Board of Directors of Radium wishes to announce that Mayang Sepakat Sdn. Bhd. ("Mayang Sepakat" or "the Purchaser"), an indirect wholly-owned subsidiary of the Company, had on 3 December 2024, entered into a conditional Sale & Purchase Agreement ("SPA") with Majlis Perbandaran Ampang Jaya ("MPAJ" or "the Vendor") to acquire a piece of leasehold land expiring on 6 August 2108 held under PN110508, Lot No. 62019 Seksyen 15, Bandar Ampang, Daerah Ulu Langat, Negeri Selangor Darul Ehsan measuring approximately 2.56 acres in area ("the Land") for a total purchase consideration of RM45,000,888.00 ("Purchase Consideration") subject to the terms and conditions therein the SPA.

Please refer to the attached document for further details.

This announcement is dated 3 December 2024.

Please refer attachment below.


Announcement Info

Company Name RADIUM DEVELOPMENT BERHAD
Stock Name RADIUM
Date Announced 03 Dec 2024
Category General Announcement for PLC
Reference Number GA1-27112024-00017

Attachments

  1. Announcement_-_Acquisition_of_Jln_Pandan_Indah_land_20241203.pdf (Size: 246,496 bytes)