TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LGMS BERHAD ("LGMS" OR THE "COMPANY") PROPOSED ACQUISITION BY LE GLOBAL SERVICES SDN BHD ("LE GLOBAL" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF LGMS, OF 2 ADJOINING STRATIFIED OFFICE UNITS LOCATED AT LEVEL 11, EMPIRE OFFICE TOWER, EMPIRE SUBANG, JALAN SS16/1, 47500 SUBANG JAYA, SELANGOR DARUL EHSAN ("SUBJECT PROPERTIES") FOR A TOTAL CASH CONSIDERATION OF RM12,903,000 ("PROPOSED ACQUISITIONS")
| LGMS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | LGMS BERHAD ("LGMS" OR THE "COMPANY")
PROPOSED ACQUISITION BY LE GLOBAL SERVICES SDN BHD ("LE GLOBAL" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF LGMS, OF 2 ADJOINING STRATIFIED OFFICE UNITS LOCATED AT LEVEL 11, EMPIRE OFFICE TOWER, EMPIRE SUBANG, JALAN SS16/1, 47500 SUBANG JAYA, SELANGOR DARUL EHSAN ("SUBJECT PROPERTIES") FOR A TOTAL CASH CONSIDERATION OF RM12,903,000 ("PROPOSED ACQUISITIONS") |
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The Board of Directors of LGMS wishes to announce that LE Global had, on 20 February 2024, entered into the following with Cheerful Effect Sdn Bhd:-
(i) sale and purchase agreement to acquire 1 unit of office premise, with freehold strata title held under Geran 238145/M1-A/13/154, bearing postal address at No. A-11-01, Empire Office Tower, Empire Subang, Jalan SS16/1, 47500 Subang Jaya, Selangor Darul Ehsan, with a floor space of approximately 869 square metres (“sqm”) (equivalent to approximately 9,354 square feet (“sqft”)) for a cash consideration of approximately RM6.22 million; and
(ii) sale and purchase agreement to acquire 1 unit of office premise, with freehold strata title held under Geran 238145/M1-A/13/155, bearing postal address at No. A-11-02, Empire Office Tower, Empire Subang, Jalan SS16/1, 47500 Subang Jaya, Selangor Darul Ehsan, with a floor space of approximately 944 sqm (equivalent to approximately 10,161 sqft) for a cash consideration of RM6.68 million.
Further details of the Proposed Acquisitions are set out in the attachment enclosed.
This announcement is dated 20 February 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | LGMS BERHAD |
| Stock Name | LGMS |
| Date Announced | 20 Feb 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20022024-00060 |