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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS FOUNDPAC GROUP BERHAD ("THE COMPANY" OR "FPGROUP") - PURCHASE OF PROPERTY BY FOUNDPAC TECHNOLOGIES SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF FPGROUP

FOUNDPAC GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
FOUNDPAC GROUP BERHAD ("THE COMPANY" OR "FPGROUP")
- PURCHASE OF PROPERTY BY FOUNDPAC TECHNOLOGIES SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF FPGROUP

The Board of Directors of FPGROUP (“Board”) wishes to announce that FoundPac Technologies Sdn. Bhd. (“FoundPac Tech” or “the Purchaser”), a wholly-owned subsidiary of FPGROUP has on 2 December 2022 entered into a Sale and Purchase Agreement (“Agreement”) with Zoomic Technology (M) Sdn. Bhd. (Registration No. 199201003210 (234714-U)) (“ZTSB” or “the Vendor”) to purchase the Property (as detailed and defined in Section 3.1 of this announcement)  at a consideration of Ringgit Malaysia Twenty Five Million and Five Hundred Thousand (RM25,500,000/-) only (“the Acquisition”).

 

Please refer to the attachment for further details on the Acquisition.

 

This Announcement is dated 2 December 2022.




Please refer attachment below.

Attachments

FPG_AcquisitionProp.pdf
689.2 kB



Announcement Info

Company Name FOUNDPAC GROUP BERHAD
Stock Name FPGROUP
Date Announced 02 Dec 2022
Category General Announcement for PLC
Reference Number GA1-02122022-00039



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