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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS AT SYSTEMATIZATION BERHAD ("ATS" or the "Company") PROPOSED ACQUISITION OF LAND BY AT GLOVE ENGINEERING SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF THE COMPANY

AT SYSTEMATIZATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
AT SYSTEMATIZATION BERHAD ("ATS" or the "Company")

PROPOSED ACQUISITION OF LAND BY AT GLOVE ENGINEERING SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF THE COMPANY

AT Systematization Berhad (“ATS” or the “Company”) is pleased to announce that its wholly owned subsidiary, AT Glove Engineering Sdn. Bhd. has on 15 January 2021 entered into a Sale and Purchase Agreement (“Agreement”) with Seacera Porcelain Sdn. Bhd. for the purchase of a piece of land as further defined in Section 4 of this announcement (“Land”), for a total purchase consideration of Ringgit Malaysia Ten Million and Five Hundred Thousand (RM10,500,000.00) only, upon the terms and conditions as stipulated in the Agreement (“Proposed Acquisition of Land”).

Please refer to the attached for further details.

This announcement is dated 15 January 2021.




Please refer attachment below.

Attachments

Proposed Acquisition of Land.pdf
124.4 kB



Announcement Info

Company Name AT SYSTEMATIZATION BERHAD
Stock Name AT
Date Announced 15 Jan 2021
Category General Announcement for PLC
Reference Number GA1-14012021-00055




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