TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SARAWAK CABLE BERHAD (“SCB”) PROPOSED DISPOSAL

SARAWAK CABLE BERHAD

 

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SARAWAK CABLE BERHAD ("SCB")

PROPOSED DISPOSAL

On behalf of the Board of Directors of SCB, Hong Leong Investment Bank Berhad wishes to announce that Leader Cable Industry Berhad (“LCIB”), a wholly-owned subsidiary of SCB, has entered into a conditional sale and purchase agreement with Maxter Glove Manufacturing Sdn Bhd (“MGMSB“) today for the proposed disposal by LCIB of a parcel of freehold land held under Geran 68913, Lot 43816, Mukim of Kapar, District of Klang, State of Selangor together with industrial premises comprising a single-storey detached factory attached with a 4-storey extra high voltage tower, a 3-storey detached office building, a single-storey canteen and other ancillary buildings erected thereon to MGMSB for a cash consideration of RM65.0 million (“Proposed Disposal”).

Please refer to the attachment for the full text of the announcement in relation to the Proposed Disposal.

This announcement is dated 18 July 2019.

 

Please refer attachment below.

Attachments

SCB – Proposed Disposal.pdf
165.8 kB

 


Announcement Info

Company Name SARAWAK CABLE BERHAD
Stock Name SCABLE
Date Announced 18 Jul 2019
Category General Announcement for PLC
Reference Number GA1-17072019-00027

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