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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF PROPERTY BY BV PROPERTIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF BV LAND HOLDINGS BERHAD, FOR A TOTAL CASH CONSIDERATION OF RM4.63 MILLION

BV LAND HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION OF PROPERTY BY BV PROPERTIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF BV LAND HOLDINGS BERHAD, FOR A TOTAL CASH CONSIDERATION OF RM4.63 MILLION

The Board of Directors of BVLH (“Board”) wishes to announce that BV Properties Sdn Bhd (“BVPSB” or “the Purchaser”), a wholly-owned subsidiary of the Company, had on 29 July 2021 entered into a conditional Sale and Purchase Agreement (“SPA”) with Mr. Lee Kian Huat (“the Vendor”) to acquire one (1) parcel of freehold vacant land, held under the individual title Geran No 326779, Lot 15954, Pekan Mukim Kapar, Daerah Klang, Negeri Selangor Darul Ehsan measuring approximately 3.635 hectares in area (“the Property”) for a total cash consideration of RM4,632,516.70 (“Purchase Price”) (“Proposed Acquisition”).

 

The details of the announcement is attached herewith.

 

This announcement is dated 30 July 2021.




Please refer attachment below.



Announcement Info

Company Name BV LAND HOLDINGS BERHAD
Stock Name BVLH
Date Announced 30 Jul 2021
Category General Announcement for PLC
Reference Number GA1-26072021-00031




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