| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | ACQUISITION OF PROPERTY BY JHM CONSOLIDATION BERHAD FOR A TOTAL CASH CONSIDERATION OF RM20,900,000.00 |
We refer to the announcement dated 6 September 2024 (“Initial Announcement”) (reference number: GA1-02092024-00043) in respect of the above subject matter.
Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Initial Announcement.
The Board of Directors of the Company wishes to provide herewith the following additional information in relation to the Acquisition:-
1. The breakdown of the purchase price, as provided by a registered valuer, is listed as below:-
| Property | Purchase Price (RM) |
| Existing Lease | 1,830,000 |
| Extended Lease | 4,443,000 |
| Existing Building | 2,342,000 |
| New Building | 12,285,000 |
| Total | 20,900,000 |
2. The management has obtained an indicative market value for the Property from a registered valuer, which amounted to approximately RM20.90 million.
3. The Existing Building is not currently let out, as the Existing Building is currently being occupied by the Vendor and will only be vacated upon the completion of the Acquisition.
This announcement is dated 10 September 2024.