• RM576 Save up to RM288 with the Yearly Premium Plan (Limited Time Only)
  • RM480 Save up to RM240 with the Yearly Advanced Plan (Limited Time Only)
Subscribe Now
premium Subscription Plan
add free StockBiz
YouTube MS Production

Last Price Change Volume
KLSE Market Watch
Open: Day Range: Prev Close:


TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LAGENDA PROPERTIES BERHAD ("LPB" OR THE "COMPANY") PROPOSED ACQUISITION BY LAGENDA MERSING SDN. BHD. (A 70% OWNED INDIRECT SUBSIDIARY OF LPB) OF 2 PARCELS OF FREEHOLD LAND LOCATED IN KELAN KECHIL, MUKIM SENAI, DAERAH KULAI, NEGERI JOHOR FROM SERIEMAS DEVELOPMENT SDN. BERHAD FOR A TOTAL CASH CONSIDERATION OF RM396,358,146.36 ("PROPOSED ACQUISITION")

LAGENDA PROPERTIES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
LAGENDA PROPERTIES BERHAD ("LPB" OR THE "COMPANY")

PROPOSED ACQUISITION BY LAGENDA MERSING SDN. BHD. (A 70% OWNED INDIRECT SUBSIDIARY OF LPB) OF 2 PARCELS OF FREEHOLD LAND LOCATED IN KELAN KECHIL, MUKIM SENAI, DAERAH KULAI, NEGERI JOHOR FROM SERIEMAS DEVELOPMENT SDN. BERHAD FOR A TOTAL CASH CONSIDERATION OF RM396,358,146.36 ("PROPOSED ACQUISITION")

We refer to the announcements dated 13 February 2023, 10 April 2023, 11 April 2023 and 19 April 2023 in relation to the Proposed Acquisition. Unless otherwise defined, the definitions set out in the previous announcements shall apply herein.

 

On behalf of the Board of Directors of LPB, UOBKH wishes to announce that the final purchase consideration of the Subject Lands is RM396,358,146.36 based on the final land area size of 433.2124 hectares (“Confirmation”), as confirmed by the Vendor via its letter dated 7 June 2023 on the premise of the following:-

  1. Clause 3.5(a) of the SPA;
  2. the report from the licensed surveyor dated 3 March 2023;
  3. the letter from the licensed surveyor dated 14 March 2023; and
  4. the letter from the Purchaser’s solicitors dated 4 April 2023.

 

This announcement is dated 8 June 2023.






Announcement Info

Company Name LAGENDA PROPERTIES BERHAD
Stock Name LAGENDA
Date Announced 08 Jun 2023
Category General Announcement for PLC
Reference Number GA1-08062023-00036



Close
New Feature
MS Academy
AI StockMaster. Beat The Market! Checking MS Signal
DETECT REAL-TIME STOCK MOVEMENT
X
(InvestorPro Plan Only)
Complimentary access on Premium Plan*
What is AI StockMaster?
Window Alert On-Screen Alert X
X