- Acquisition of a piece of vacant land by Grandeur Park Sdn Bhd, a wholly owned subsidiary of HYB for a cash consideration of RM7,000,000.00 only (“Land Transaction”)
The Board of Directors of HYB is pleased to announce that its wholly owned subsidiary company, i.e. Grandeur Park Sdn Bhd (Company No. 201863-A) (“GPSB”) has on 28 March 2008 entered into a Sale and Purchase Agreement (“SPA”) with Saratogoa Sdn. Bhd. (Company No. 52341-P) (“SSB”) (Receiver Appointed) (In Liquidation) to acquire a piece of vacant land held under title bearing PTD 119789, HSD 261477, Mukim Plentong, District of Johor Bahru, State of Johor (“the said Land”) for a total cash consideration of RM7,000,000.00 only. GPSB has successfully tendered for the said Land on an “as is where is” basis, as a result of a tender exercise under taken by SSB.
(KLSE 31-3-2008)
