Proposed acquisition of three (3) parcels of land in Bandar Batu Feringgi, Daerah Timor Laut, Pulau Pinang for a total cash consideration of RM24,567,960.00 by Crescent Consortium Sdn Bhd (“CCSB”), a wholly-owned subsidiary of SDB Properties Sdn Bhd, which in turn is a wholly-owned subsidiary of SDB
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We refer to the announcement made on 18 January 2008 and would like to announce that the Foreign Investment Committee (“FIC”) has approved the Proposed Acquisition, subject to the condition that, CCSB is required to increase its paid-up capital to at least RM100,000.00 within six (6) months from the date of the FIC’s approval. This announcement is dated 2 April 2008.
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We refer to the announcement made on 18 January 2008 and would like to announce that the Foreign Investment Committee (“FIC”) has approved the Proposed Acquisition, subject to the condition that, CCSB is required to increase its paid-up capital to at least RM100,000.00 within six (6) months from the date of the FIC’s approval. This announcement is dated 2 April 2008.
(KLSE 2-4-2008)
