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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS GUOCOLAND (MALAYSIA) BERHAD ("GLM" OR THE "COMPANY") PROPOSED DISPOSALS OF COMMERCIAL OFFICE AND CAR PARK PARCELS IN BLOCKS C AND D OF MENARA PANDAN BY THE COMPANY'S SUBSIDIARIES

GUOCOLAND (MALAYSIA) BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
GUOCOLAND (MALAYSIA) BERHAD ("GLM" OR THE "COMPANY")

PROPOSED DISPOSALS OF COMMERCIAL OFFICE AND CAR PARK PARCELS IN BLOCKS C AND D OF MENARA PANDAN BY THE COMPANY'S SUBSIDIARIES

GLM writes to inform the following:

(i)   BLV Fashions Sdn Bhd (“BLV”), an indirect wholly-owned subsidiary of the Company, had on 10 September 2015, entered into a conditional sale and purchase agreement with Mayapada Capital Sdn Bhd (“MCSB”) for the proposed disposal of certain commercial office and car park parcels in Blocks C and D of Menara Pandan, Pandan Indah, Kuala Lumpur for a cash consideration of RM33 million (“Proposed Disposal by BLV”); and

(ii)   Guobena Development Sdn Bhd (“GDSB”), an indirect wholly-owned subsidiary of the Company, had on 10 September 2015, entered into a conditional sale and purchase agreement with MCSB for the proposed disposal of certain commercial office and car park parcels in Blocks C and D of Menara Pandan, Pandan Indah, Kuala Lumpur for a cash consideration of RM33 million (“Proposed Disposal by GDSB”).

The Proposed Disposal by BLV and the Proposed Disposal by GDSB shall be collectively referred to as the “Proposed Disposals”.

Kindly refer to the attached document for the details of the Proposed Disposals.

This announcement is dated 10 September 2015.

 

 

 

 




Please refer attachment below.



Announcement Info

Company Name GUOCOLAND (MALAYSIA) BERHAD
Stock Name GUOCO
Date Announced 10 Sep 2015
Category General Announcement for PLC
Reference Number GA1-10092015-00060




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