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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SUNSURIA BERHAD (SUNSURIA OR THE COMPANY) - PROPOSED ACQUISITION OF 1,776.63 ACRES OF LEASEHOLD LANDS BY TAPAH LAND DEVELOPMENT SDN. BHD., AN INDIRECT SUBSIDIARY OF THE COMPANY

SUNSURIA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SUNSURIA BERHAD (SUNSURIA OR THE COMPANY) - PROPOSED ACQUISITION OF 1,776.63 ACRES OF LEASEHOLD LANDS BY TAPAH LAND DEVELOPMENT SDN. BHD., AN INDIRECT SUBSIDIARY OF THE COMPANY

The Board of Directors of Sunsuria Berhad (“Sunsuria” or “the Company”) wishes to announce that Tapah Land Development Sdn. Bhd. (“TLDSB” or “the Purchaser”), a 65%-owned subsidiary of Sunsuria Everrich Sdn. Bhd., which in turn is a 53%-owned subsidiary of Sunsuria Symphony Sdn. Bhd., which in turn is a wholly-owned subsidiary of the Company, had on 2 December 2022 entered into three (3) Sale & Purchase Agreements (“SPA”) with Symphony Hills Sdn. Bhd. (“the Vendor”), for the proposed acquisition of seventeen (17) pieces of leasehold lands, situated in Mukim Batang Padang and Mukim Bidor, both in the District of Batang Padang, State of Perak, measuring approximately 1,776.63 acres (“the Lands”) for a total purchase consideration of RM75,520,075.10 (“Purchase Consideration”) (hereinafter referred to as “the Proposed Acquisition”).

 

Please refer to the attachments for further details of the Proposed Acquisition.

 

This announcement is dated 2 December 2022.




Please refer attachment below.



Announcement Info

Company Name SUNSURIA BERHAD
Stock Name SUNSURIA
Date Announced 02 Dec 2022
Category General Announcement for PLC
Reference Number GA1-02122022-00064




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