News
Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
FREIGHT MANAGEMENT HOLDINGS BHD. ("FREIGHT" OR "THE COMPANY") PROPOSED ACQUISITION OF TWO PARCELS OF CONTIGUOUS LEASEHOLD LAND MEASURING APPROXIMATELY 29,057.3 SQUARE METRES LOCATED AT TEMPAT SELAT KLANG UTARA, MUKIM KAPAR, DEARAH KLANG, SELANGOR BY FM GLOBAL LOGISTICS (M) SDN. BHD ("FMGLM"), A WHOLLY-OWNED SUBSIDIARY OF FREIGHT, FOR A TOTAL CASH CONSIDERATION OF RM22.198 MILLION (COLLECTIVELY REFERRED TO AS THE "PROPOSED ACQUISITIONS") |
Pursuant to Paragraph 10.06(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that FMGLM, a wholly-owned subsidiary of the Company has on 27 May 2021 entered into the following agreements:-
- A Sale and Purchase Agreement with DS Albedo Sdn. Bhd. for the acquisition of a parcel of leasehold land held under H.S.(M) 42050, PT 65647, Tempat Selat Klang Utara, Mukim Kapar, Dearah Klang, Selangor, measuring approximately 14,146.1 square metres for a cash consideration of RM10,963,238.80; and
- A Sale and Purchase Agreement with Irama Utama Sdn. Bhd. for the acquisition of a parcel of leasehold land held under H.S.(M) 42053, PT 65650, Tempat Selat Klang Utara, Mukim Kapar, Daerah Klang, Selangor, measuring approximately 14,911.2 square metres for a cash consideration of RM11,235,186.60.
Please refer to the attachment for further details of the Proposed Acquisitions.
This announcement is dated 27 May 2021.
Please refer attachment below.
Announcement Info
| Company Name | FREIGHT MANAGEMENT HOLDINGS BERHAD |
| Stock Name | FREIGHT |
| Date Announced | 27 May 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-27052021-00116 |
Attachments
- FMH-Announcement_on_Acquisition_of_2_pieces_of_Leasehold_Land.pdf (Size: 179,230 bytes)