Transactions (Chapter 10 Of Listing Requirements):Non Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SALCON BERHAD (“SALCON”) I. PROPOSED ACQUISITION OF LANDS IN DAERAH OF JOHOR BAHRU, JOHOR DARUL TA’ZIM BY NUSANTARA MEGAJUTA SDN BHD, A 50.01% SUBSIDIARY OF SALCON FROM TOTAL MERIT SDN BHD; AND II. PROPOSED DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF SALCON AND ITS SUBSIDIARIES TO INCLUDE PROPERTY DEVELOPMENT |
On behalf of the Board of Directors of Salcon (“Board”), AFFIN Investment Bank Berhad wishes to announce that: (a) Nusantara Megajuta Sdn Bhd, a 50.01% subsidiary of Salcon had on 7 January 2013 entered into a conditional sale and purchase agreement with Total Merit Sdn Bhd to acquire two (2) parcels of land which has a total land area of approximately 51,476 square meters held under HS(D) 482930, No. P.T.B. 22841 and HS(D) 482931, No. P.T.B. 22842 all located in the Daerah Johor Bahru, Bandar Johor Bahru, Negeri Johor Darul Ta’zim for a cash consideration of RM99,699,104.16 (“Proposed Acquisition”); and (b) Salcon and its subsidiaries (“Group”) will diversify the principal activities of the Group to include property development (“Proposed Diversification”). (the Proposed Acquisition and the Proposed Diversification shall collectively be referred to as the “Proposals”) Please refer to the attachment for futher details on the Proposals. This announcement is dated 7 January 2013. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 7 Jan 2013 |
| Category | General Announcement |
| Reference No | MI-130107-56651 |
Attachments
- SALCON070113.pdf (Size: 306,124 bytes)