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Transactions (Chapter 10 of Listing Requirements) : Non Related Party Transactions

BackJan 13, 2016
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SCANWOLF CORPORATION BERHAD ("SCANWOLF" OR "THE COMPANY")
PROPOSED DISPOSAL OF LAND BETWEEN SCANWOLF PROPERTIES SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF SCANWOLF AND THE COMBINED BUS SERVICES SDN. BHD.

The Board of Directors of SCANWOLF, wishes to announce that the Company’s  wholly-owned subsidiary, Scanwolf Properties Sdn. Bhd. (935629 P) ("SPSB" or "Vendor") had on 13 January 2016 entered into the Sale and Purchase Agreement ("SPA")  and Infrastructure Contribution Agreement ("ICA") respectively with The Combined Bus Services Sdn. Bhd. (742897 M) (“TCBS” or “Purchaser”) for the disposal of two (2) parcels of vacant commercial land measuring approximately 3.72 acres land out of the total 59 acres land in Kampar, Perak (“Sale Land”). It is a leasehold land held under Master Lot Nos. PT 16097 to PT 16463, PT  16926, PT 16930 to PT 16932 & PT 16938 and Mukim of Kampar, District of Kampar, Perak, located within Taman Kampar Putra, Kampar, Perak for a disposal consideration of RM1,296,344.00 together with the infrastructure contribution of RM324,086.40 (“Infrastructure Contribution”) (RM8.00 per square feet for the land and an additional RM2.00 per square feet as contribution to infrastructure cost) to build an integrated bus terminal complex (“IBTC”) (“Disposal”). The total consideration for the land disposal is RM1,620,430.40 (“Disposal Consideration”).  

Please refer to the attached file for details of the announcement.

This announcement is dated 13 January 2016.



Please refer attachment below.

 

Announcement Info

Company Name SCANWOLF CORPORATION BERHAD
Stock Name SCNWOLF
Date Announced 13 Jan 2016
Category General Announcement for PLC
Reference Number GA1-13012016-00026

 

Attachments

  1. Scanwolf_-_Announcement_(130116)._Bursa.pdf (Size: 201,452 bytes)

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