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Circular/Notice to Shareholders

HEXTAR GLOBAL BERHAD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PART A - (I) PROPOSED DISPOSAL OF 2 ADJOINING PARCELS OF LEASEHOLD INDUSTRIAL LANDS HELD UNDER INDIVIDUAL TITLES NO. PN 12168, LOT 88089, AND PN 12170, LOT 88105, LOCATED IN MUKIM KLANG, DISTRICT OF KLANG, STATE OF SELANGOR, MEASURING APPROXIMATELY 229,311 SQUARE FEET IN TOTAL LAND AREA, TOGETHER WITH THE BUILDINGS ERECTED THEREON ("KLANG PROPERTIES") BY HEXTAR CHEMICALS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HEXTAR GLOBAL BERHAD, TO PACIFIC TRUSTEES BERHAD, BEING THE TRUSTEE OF KIP REAL ESTATE INVESTMENT TRUST FOR A CASH CONSIDERATION OF RM27.00 MILLION ("PROPOSED DISPOSAL"); AND (II) PROPOSED LEASEBACK OF THE KLANG PROPERTIES BY HEXTAR CHEMICALS SDN BHD FROM PACIFIC TRUSTEES BERHAD FOR A TENURE OF 15 YEARS, COMMENCING ON THE DAY IMMEDIATELY AFTER COMPLETION OF THE PROPOSED DISPOSAL ("PROPOSED LEASEBACK") (COLLECTIVELY, THE "PROPOSED DISPOSAL AND LEASEBACK") PART B - INDEPENDENT ADVICE LETTER FROM ECO ASIA CAPITAL ADVISORY SDN BHD TO THE NON-INTERESTED SHAREHOLDERS OF HEXTAR GLOBAL BERHAD IN RELATION TO THE PROPOSED DISPOSAL AND LEASEBACK


Please refer attachment below.



Announcement Info

Company Name HEXTAR GLOBAL BERHAD
Stock Name HEXTAR
Date Announced 23 Sep 2022
Category Document Submission
Reference Number DCS-22092022-00021




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