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 20 March 2024 entered into a Sale and Purchase Agreement ("SPA") with Petaling Garden Sdn. Bhd. to acquire one (1) parcel of freehold vacant land known as Plot Industri 10B located in Setia Alaman Industrial Park, Mukim Kapar, Daerah Klang, Negeri Selangor, measuring approximately 2.82 acres (or equivalent to 11,412.15 square metres), for a total cash consideration of RM18,794,397.60, upon the terms and conditions contained in the SPA .

Prior to that, FMGLM had, on 6 February 2024, entered into a SPA with the same vendor to acquire one (1) parcel of freehold vacant land known as Plot Industri 10A located in the same area, measuring approximately 2.84 acres (or equivalent to 11,493.08 square metres), for a total cash consideration of RM18,927,691.20. 

Please refer to the attachment for the details of the Proposed Land Acquisitions.

This announcement is dated 20 March 2024.