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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS GENETEC TECHNOLOGY BERHAD ("GENETEC" OR THE "COMPANY") PROPOSED ACQUISITION

GENETEC TECHNOLOGY BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
GENETEC TECHNOLOGY BERHAD ("GENETEC" OR THE "COMPANY")

PROPOSED ACQUISITION

On behalf of the Board of Directors of Genetec, KAF Investment Bank Berhad wishes to announce that Genetec had on 26 May 2022 entered into a conditional sale and purchase agreement for the acquisition of a piece of 99-year leasehold land held under individual title H.S.(D) 52695, PT No. 40844, Town of Bandar Baru Bangi, District of Ulu Langat, State of Selangor measuring approximately 6.348 hectares together with buildings erected thereon from Utusan Melayu (Malaysia) Berhad (which is currently under creditors’ voluntary liquidation), for a total cash consideration of RM53,000,000.

 

 

Kindly refer to the attached document for the complete announcement.

 

 

This announcement is dated 26 May 2022.

 




Please refer attachment below.



Announcement Info

Company Name GENETEC TECHNOLOGY BERHAD
Stock Name GENETEC
Date Announced 26 May 2022
Category General Announcement for PLC
Reference Number GA1-26052022-00047




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