OTHERS ACO GROUP BERHAD ("ACO" OR "COMPANY") - SALE AND PURCHASE AGREEMENT BETWEEN ACTGEN INDUSTRY SDN. BHD. ("ACTGEN"), A WHOLLY-OWNED SUBSIDIARY OF ACO, AND PLASCABLE POLYMER SDN BHD, BEING THE SUBSIDIARY OF PLASTRADE TECHNOLOGY BERHAD, TO ACQUIRE THE REMAINING UNEXPIRED LEASE TERM FOR A PERIOD OF APPROXIMATELY 40 YEARS, EXPIRING ON 31 JANUARY 2060, OF A PARCEL OF FREEHOLD INDUSTRIAL LAND. ACO GROUP BERHAD
Type Announcement Subject OTHERS Description ACO GROUP BERHAD ("ACO" OR "COMPANY") - SALE AND PURCHASE AGREEMENT BETWEEN ACTGEN INDUSTRY SDN. BHD. ("ACTGEN"), A WHOLLY-OWNED SUBSIDIARY OF ACO, AND PLASCABLE POLYMER SDN BHD, BEING THE SUBSIDIARY OF PLASTRADE TECHNOLOGY BERHAD, TO ACQUIRE THE REMAINING UNEXPIRED LEASE TERM FOR A PERIOD OF APPROXIMATELY 40 YEARS, EXPIRING ON 31 JANUARY 2060, OF A PARCEL OF FREEHOLD INDUSTRIAL LAND. The Board of Directors of ACO ("Board") is pleased to announce that its wholly-owned subsidiary company, Actgen Industry Sdn. Bhd. (“ACTGEN”) had on 23 July 2020, entered into a Sale and Purchase Agreement (“SPA”) with Plascable Polymer Sdn. Bhd. (“the Vendor”) for the purchase of the remaining unexpired lease term for a period of approximately 40 years, expiring on 31 January 2060 (“Lease”) of a parcel of freehold industrial land held under H. S. (D) 493851, PTD 76050, Mukim Tebrau, Daerah Johor Bahru, Negeri Johor (“Lease Land”) together with a single-storey detached factory with three-storey office building, one and half-storey detached factory, a single-storey detached warehouse, a Tenaga Nasional Berhad (“TNB”) sub-station, a guardhouse and a water tank erected thereon (collectively referred to as “Property”) for a cash consideration of RM10,650,000 (“Purchase Consideration”).
Please refer to the attachment for further details on the SPA.
This announcement is dated 23 July 2020.
Please refer attachment below.
Attachments Announcement-Sale and Purchase Agreement.pdf 247.4 kB
Announcement Info Company Name ACO GROUP BERHAD Stock Name ACO Date Announced 23 Jul 2020 Category General Announcement for PLC Reference Number GA1-17072020-00019
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
newplayerone
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Posted by newplayerone > 2020-07-22 14:19 | Report Abuse
Beware of shark bait again