PMCORP

0.185

-0.005 (-2.6%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PAN MALAYSIA CORPORATION BERHAD ("PMC" OR "COMPANY") PROPOSED DISPOSAL BY NETWORK FOODS INDUSTRIES SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF PMC, OF THE LEASEHOLD LAND HELD UNDER H.S.(D) 324738, PT[-], MUKIM DAMANSARA, DAERAH PETALING, NEGERI SELANGOR MEASURING APPROXIMATELY 24,295.208 SQUARE METERS AND THE BUILDINGS ERECTED THEREON TOGETHER WITH THE FIXTURES AND FITTINGS TO AMAZING BLITZ SDN BHD FOR A TOTAL DISPOSAL CONSIDERATION OF RM41,000,000.

PAN MALAYSIA CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
PAN MALAYSIA CORPORATION BERHAD ("PMC" OR "COMPANY")

PROPOSED DISPOSAL BY NETWORK FOODS INDUSTRIES SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF PMC, OF THE LEASEHOLD LAND HELD UNDER H.S.(D) 324738, PT[-], MUKIM DAMANSARA, DAERAH PETALING, NEGERI SELANGOR MEASURING APPROXIMATELY 24,295.208 SQUARE METERS AND THE BUILDINGS ERECTED THEREON TOGETHER WITH THE FIXTURES AND FITTINGS TO AMAZING BLITZ SDN BHD FOR A TOTAL DISPOSAL CONSIDERATION OF RM41,000,000.

Reference is made to the Company’s announcement dated 7 November 2022 ("Announcement") in relation to the Proposed Disposal. Unless otherwise stated, the definitions used in this announcement shall carry the same meanings as defined in the Announcement.


PMC wishes to announce that the Vendor and the Purchaser had on 6 February 2023 mutually agreed to extend the Completion Period for a further period of 9 months commencing from the expiry of the current Completion Period on 6 February 2023 until 5 November 2023 free of interest (“Extended Completion Period”). The Vendor is required to relocate or remove a gas station located in the Property which belongs to Gas Malaysia under a Gas Supply Agreement between Gas Malaysia Energy and Services Sdn Bhd and the Vendor. The relocation or removal of gas station is expected to be completed within the Extended Completion Period.


This announcement is dated 7 February 2023.



Announcement Info

Company Name PAN MALAYSIA CORPORATION BERHAD
Stock Name PMCORP
Date Announced 07 Feb 2023
Category General Announcement for PLC
Reference Number GA1-07022023-00053


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