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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS i) Proposed acquisition of a piece of land at Taman Bukit Dahlia, Pasir Gudang in the Mukim of Plentong, District of Johor Bahru, State of Johor Darul Takzim measuring approximately 2.2 acres (“Land 1”) by Power Root Nnergy Sdn. Bhd. (“PRN”), a wholly owned subsidiary of Power Root Berhad (formerly known as Natural Bio Resources Berhad) (“Power Root” or “the Company”) from Johor Land Berhad (“Vendor” or “Johor Land”) and Johor Corporation (“Landowner”) for a cash consideration of RM 5,398,900 (“Proposed Acquisition 1”); and ii) Proposed acquisition of a piece of land at Taman Bukit Dahlia, Pasir Gudang in the Mukim of Plentong, District of Johor Bahru, State of Johor Darul Takzim measuring approximately 0.8 acres (“Land 2”) by PRN from Johor Land and Johor Corporation for a cash consideration of RM 2,601,100 (“Proposed Acquisition 2”) Collectively known as “Lands” and “Proposed Acquisitions”.

POWER ROOT BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Descriptioni) Proposed acquisition of a piece of land at Taman Bukit Dahlia, Pasir Gudang in the Mukim of Plentong, District of Johor Bahru, State of Johor Darul Takzim measuring approximately 2.2 acres (“Land 1”) by Power Root Nnergy Sdn. Bhd. (“PRN”), a wholly owned subsidiary of Power Root Berhad (formerly known as Natural Bio Resources Berhad) (“Power Root” or “the Company”) from Johor Land Berhad (“Vendor” or “Johor Land”) and Johor Corporation (“Landowner”) for a cash consideration of RM 5,398,900 (“Proposed Acquisition 1”); and

ii) Proposed acquisition of a piece of land at Taman Bukit Dahlia, Pasir Gudang in the Mukim of Plentong, District of Johor Bahru, State of Johor Darul Takzim measuring approximately 0.8 acres (“Land 2”) by PRN from Johor Land and Johor Corporation for a cash consideration of RM 2,601,100 (“Proposed Acquisition 2”)

Collectively known as “Lands” and “Proposed Acquisitions”.


Announcement Info

Company NamePOWER ROOT BERHAD  
Stock Name PWROOT    
Date Announced18 Aug 2011  
CategoryGeneral Announcement
Reference NoC&B-110818-FC47C



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