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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS WOODLANDOR HOLDINGS BHD ("WHB" or the "COMPANY") PROPOSED DISPOSAL BY WOODLANDOR WOOD PRODUCTS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WHB ("WWP"), OF A PIECE OF INDUSTRIAL LAND FOR A TOTAL CASH CONSIDERATION OF RM8,000,000.

WOODLANDOR HOLDINGS BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
WOODLANDOR HOLDINGS BHD ("WHB" or the "COMPANY")
PROPOSED DISPOSAL BY WOODLANDOR WOOD PRODUCTS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WHB ("WWP"), OF A PIECE OF INDUSTRIAL LAND FOR A TOTAL CASH CONSIDERATION OF RM8,000,000.

Pursuant to Paragraph 10.06 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of WHB (“the Board”) wishes to announce that WWP [Registration No: 198301013141 (108535-A)] had on 8 March 2022 entered into a Sale and Purchase Agreement (“SPA”) with SDL Global Development Sdn Bhd [Registration No: 201701042977 (1257150-D)] (“SDL” or the “Purchaser”) for the proposed disposal of a piece of freehold vacant industrial land held under Individual Title GM 437, Lot 260, Tempat Batu 24 ¼, Jalan Bukit Arang, Mukim Hulu Semenyih, Daerah Hulu Langat, Negeri Selangor measuring approximately 2.0664 hectares (the “Land”) free of all encumbrances, squatters, occupants, licensees or trespassers with vacant possession and on an “as-is-where-is” basis, for a total cash consideration of RM8,000,000 (“Disposal Consideration”), subject to the terms and conditions as stipulated in the SPA (“the Proposed Disposal”).

 

Please refer to the attachment for futher details.

 

This announcement is dated 8 March 2022.




Please refer attachment below.



Announcement Info

Company Name WOODLANDOR HOLDINGS BHD
Stock Name WOODLAN
Date Announced 08 Mar 2022
Category General Announcement for PLC
Reference Number GA1-07032022-00022



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