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Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
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
- Announcement_-_Acquisition_of_Jln_Pandan_Indah_land_20241203.pdf (Size: 246,496 bytes)