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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS S & F CAPITAL BERHAD ("S&F CAP" OR THE "COMPANY") PROPOSED ACQUISITION OF FIVE (5) PARCELS OF LAND BY PLUTO SDN. BHD., A 55%-OWNED SUBSIDIARY OF THE COMPANY, FROM BALKHIS BINTI OTHMAN AND SITI HAWA BINTI OTHMAN FOR A TOTAL CONSIDERATION OF RM7,400,907.59

S & F CAPITAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
S & F CAPITAL BERHAD ("S&F CAP" OR THE "COMPANY") 

PROPOSED ACQUISITION OF FIVE (5) PARCELS OF LAND BY PLUTO SDN. BHD., A 55%-OWNED SUBSIDIARY OF THE COMPANY, FROM BALKHIS BINTI OTHMAN AND SITI HAWA BINTI OTHMAN FOR A TOTAL CONSIDERATION OF RM7,400,907.59

Pursuant to Paragraph 10.06 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”), the Board of Directors of S&F Cap (“Board”) wishes to announce that Pluto Sdn. Bhd. [Registration No. 202201038643 (1484340-D)] (“PSB” or the “Purchaser”), a 55%-owned subsidiary of the Company, has on 4 November 2022 entered into a Sale and Purchase Agreement (“SPA”) with Balkhis Binti Othman and Siti Hawa Binti Othman (the “Vendors”) to acquire five (5) parcels of freehold vacant adjoining agriculture lands for a total consideration of RM7,400,907.59 (“Purchase Price”) (the “Proposed Acquisition”).

 

Please refer to the attached for further details.

 

This announcement is dated 4 November 2022.




Please refer attachment below.



Announcement Info

Company Name S & F CAPITAL BERHAD
Stock Name S&FCAP
Date Announced 04 Nov 2022
Category General Announcement for PLC
Reference Number GA1-03112022-00015




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