General Announcement for PLC
Reference No.: GA1-20042021-00096
Date Announced: 23 Apr 2021
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | DISPOSAL (THE “DISPOSAL”) OF PROPERTY BY CSC STEEL SDN. BHD. (“CSCM” OR “VENDOR”), A WHOLLY-OWNED SUBSIDIARY OF CSC STEEL HOLDINGS BERHAD (“CHB” OR THE “COMPANY”), TO TASHIN HARDWARE SDN. BHD. (“THSB” OR “PURCHASER”), A SUBSIDIARY OF TASHIN HOLDINGS BERHAD. |
Attachments | CHB-Disposal of Prai Property.pdf |
Pursuant to Paragraph 10.06 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of CHB wishes to announce that CSCM had on 23 April 2021 entered into a Sale and Purchase Agreement (“SPA”) with THSB for the disposal of all those two (2) contiguous pieces of industrial land and buildings held under H.S.(D) 14941, PT 2961 & H.S.(D) 14942, PT 2960, both situated in Mukim 11, Daerah Seberang Perai Tengah, Pulau Pinang containing an area of approximately 26,188.8094 square metres and 16,187.4804 square metres respectively and bearing a postal address of No. 1617, Lorong Perusahaan Maju 6, Prai Industrial Estate Phase IV, 13600 Prai, Penang (“the said Property”) for a sale consideration of RM43,500,000 (“Disposal Consideration”) (hereinafter referred to as “the Disposal”).
Please refer to the attached file for details of the Disposal.
This announcement is dated 23 April 2021.