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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CNERGENZ BERHAD ("CNERGENZ" OR THE "COMPANY") PROPOSED ACQUISITION BY SIP TECHNOLOGY (M) SDN BHD ("SIP TECHNOLOGY" OR THE "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF CNERGENZ, OF A PIECE OF INDUSTRIAL LAND AT PENANG SCIENCE PARK NORTH FOR A TOTAL PURCHASE PRICE OF APPROXIMATELY RM3.02 MILLION ("PROPOSED ACQUISITION")

CNERGENZ BERHAD

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

PROPOSED ACQUISITION BY SIP TECHNOLOGY (M) SDN BHD ("SIP TECHNOLOGY" OR THE "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF CNERGENZ, OF A PIECE OF INDUSTRIAL LAND AT PENANG SCIENCE PARK NORTH FOR A TOTAL PURCHASE PRICE OF APPROXIMATELY RM3.02 MILLION ("PROPOSED ACQUISITION")

The Board of Directors of Cnergenz (“Board”), wishes to announce that SiP Technology, its wholly-owned subsidiary, had entered into a conditional sale and purchase agreement (“SPA”) with the Penang Development Corporation (“PDC” or the “Vendor”) for the proposed acquisition of all that piece of land situated in Daerah Seberang Perai Tengah and forming part of Mukim 13, the site whereof is marked Plot 31 Penang Science Park North (“the Land”) for a total purchase price of RM3,022,410.50 (“Purchase Price”). The duly executed and stamped SPA dated 13 July 2022 was received by the Board on 17 August 2022.

 

Further details of the Proposed Acquisition are set out in the attachment.

 

 

This announcement is dated 17 August 2022.




Please refer attachment below.



Announcement Info

Company Name CNERGENZ BERHAD
Stock Name CNERGEN
Date Announced 17 Aug 2022
Category General Announcement for PLC
Reference Number GA1-17082022-00085




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