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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS ADVANCECON HOLDINGS BERHAD (ADVANCECON OR THE COMPANY) - PROPOSED DISPOSAL OF LAND

ADVANCECON HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
ADVANCECON HOLDINGS BERHAD (ADVANCECON OR THE COMPANY)
- PROPOSED DISPOSAL OF LAND

Pursuant to Paragraph 10.06 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”), the Board of Directors of Advancecon Holdings Berhad (“ADVANCECON” or “the Company”) wishes to announce that Advancecon Properties Sdn. Bhd. (“APSB” or "the Vendor"), a wholly-owned subsidiary of the Company, had on 29 August 2018 entered into a Sale and Purchase Agreement (“SPA”) with Acmar Auto Parts (M) Sdn. Bhd. (“the Purchaser”) for the disposal of all that piece of leasehold industrial land located at PT 65651, Jalan Sultan Alauddin 5/KU17, Bandar Sultan Sulaiman, 42000 Pelabuhan Klang, Selangor (Lot 8, Jalan Sultan Alauddin 5, Kawasan Perindustrian Fasa 4, Bandar Sultan Suleiman, Port Klang, 42000 Selangor) (“the Land”) for a total cash consideration of RM9,070,000.00 only (“Purchase Price”) (“Proposed Disposal”).

Please refer to the details of announcement as attached.

This announcement is dated 29 August 2018.




Please refer attachment below.



Announcement Info

Company Name ADVANCECON HOLDINGS BERHAD
Stock Name ADVCON
Date Announced 29 Aug 2018
Category General Announcement for PLC
Reference Number GA1-29082018-00102




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