PROPOSED ACQUISITION OF FREEHOLD LANDS COMPRISED WITHIN MASTER TITLE HS(D) 27278 LOT PT 137, PEKAN JENJAROM, DAERAH KUALA LANGAT, SELANGOR
The Board of Directors of DIC wishes to announce that its indirect wholly-owned subsidiary, Nadi Jelita Sdn Bhd ("NJSB") had on 6 February 2008 entered into a Sale and Purchase Agreement ("SPA") with Beta Fame Sdn Bhd ("Vendor") to acquire four (4) parcels of freehold agricultural lands comprised within master title HS(D) 27278 Lot PT 137, Pekan Jenjarom, Daerah Kuala Langat, Selangor (formerly Geran 26615 Lot 3977, Mukim Tanjung Duabelas, Kuala Langat, Selangor), measuring an aggregate land area of approximately 4,069,288 square feet or 93.418 acres (“Properties”) from the Vendor for a total cash consideration of RM29,502,339.00 (“Purchase Price”)(“Proposed Acquisition”).
(11-2-2008 KLSE)
