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.