TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS THREE-A RESOURCES BERHAD("3A") PROPOSED ACQUISITIONS BY SAN SOON SENG FOOD INDUSTRIES SDN BHD (SSSFI), A WHOLLY OWNED SUBSIDIARY OF 3A, OF THE FOLLOWING:-(I)ONE PIECE OF VACANT LAND HELD UNDER TITLE HSM 12526, PT NO. 64, TEMPAT KG PAYA JARAS, MUKIM SUNGAI BULOH, DAERAH PETALING, NEGERI SELANGOR(THE PROPERTY I); AND (II)ALL THAT PIECE OF LAND HELD UNDER TITLE H.S.(D) 295891, PT 583, PEKAN BARU SUNGAI BULOH, DAERAH PETALING, NEGERI SELANGOR TOGETHER WITH A FACTORY ERECTED THERON("THE PROPERTY II)

Date announced : 24 Feb 2017
Type : Announcement
Subject : TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description : THREE-A RESOURCES BERHAD("3A") PROPOSED ACQUISITIONS BY SAN SOON SENG FOOD INDUSTRIES SDN BHD (SSSFI), A WHOLLY OWNED SUBSIDIARY OF 3A, OF THE FOLLOWING:-(I)ONE PIECE OF VACANT LAND HELD UNDER TITLE HSM 12526, PT NO. 64, TEMPAT KG PAYA JARAS, MUKIM SUNGAI BULOH, DAERAH PETALING, NEGERI SELANGOR(THE PROPERTY I); AND (II)ALL THAT PIECE OF LAND HELD UNDER TITLE H.S.(D) 295891, PT 583, PEKAN BARU SUNGAI BULOH, DAERAH PETALING, NEGERI SELANGOR TOGETHER WITH A FACTORY ERECTED THERON("THE PROPERTY II)

Pursuant to Paragraph 10.06 and 10.12 (2)(c) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of 3A (“Board”) wishes to announce that SSSFI, a wholly-owned subsidiary of 3A, had entered into the following:-

  • Sale and Purchase Agreement dated 3 January 2017 with Prudent World Sdn Bhd for the proposed acquisition of Property I at a purchase consideration of RM9,500,000.00 (“Purchase Consideration I”)(“SPA I”); and
  • Sale and Purchase Agreement dated 24 Februay 2017 with Kota Niaga Sdn Bhd for the proposed acquisition of Property II at a purchase consideration of RM7, 500,000.00 (“Purchase Consideration II”) (“SPA II”)

(collectively the "Proposed Acquisitions”).

Please refer to the attachment for further details.

Attachment(s) :

Three-A Resources Bhd Circular RRPT 2017-Feb-24-3A-Proposed Acquisition of Properties.pdf
1.2 MB

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