Acquisition Of Property By Salcon Building Services Sdn. Bhd.

BackNov 20, 2007
General Announcement
Reference No CC-071120-53558

Company Name
:
SALCON BERHAD 
Stock Name
:
SALCON
Date Announced
:
20/11/2007


Type
:
Announcement
Subject
:
ACQUISITION OF PROPERTY BY SALCON BUILDING SERVICES SDN. BHD.

Contents
:
Further to the announcement of 3 August 2007 in respect of the Sale and Purchase Agreement ("SPA") entered between Amway (Malaysia) Sdn Bhd ("Amway") and Salcon Building Services Sdn. Bhd. for the acquisition of a piece of land held under H.S.(D) 175343 PT 34, Jalan 223, Section 20, Bandar Petaling Jaya, Selangor (formerly QTR 5855, Lot 34, Jalan 223, Section 20 Town Petaling Jaya, Selangor) measuring approximately 5,931.665 square metres together with a building erected thereon ("the Property"), we are pleased to inform that the completion date for the SPA is on 20 November 2007.

With effect from 20 November 2007, the Property is rented to Amway for a fixed period of two (2) years at a rental of RM101,250/- per month with an option to renew for a further one (1) year at the same rental.

This announcement is dated 20 November 2007.