28 Jan TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
SAND NISKO CAPITAL BERHAD (“SNC” OR “COMPANY”) PROPOSED ACQUISITION BY LEN CHEONG RESOURCES SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF SNC) (“LCR” OR “PURCHASER”) OF A PIECE OF FREEHOLD LAND HELD UNDER GRN 9505 LOT 68, MUKIM OF LENDU, DISTRICT OF ALOR GAJAH, STATE OF MELAKA MEASURING WITH AN APPROXIMATE AREA OF 25.880 ACRES (“PROPERTY”) FOR A TOTAL CASH CONSIDERATION OF RM5,823,000 (“PURCHASE PRICE”)(“PROPOSED ACQUISITION”)
Reference is made to the Company’s announcement made on 21 April 2021 in relation to the Sale and Purchase Agreement (the “SPA”) entered into between the LCR and Cempakaraya Sdn. Bhd. (Registration No.: 198101007113 (73229-K)) on the Proposed Acquisition, the Company is pleased to announce that the SPA has been completed on 28 January 2022.
This announcement is dated 28 January 2022.