News

Proposed Acquisition By Launceston Developments Limited ("LDL"), An Indirect wholly-owned subsidiary of ASB [held Via Alangka-Suka Hotels & Resorts Berhad, A Wholly-owned Subsidiary of ASB] of the On-going Business ("Fonds De Commerce") Of the Hotel Marciano Lafayette Located At 46 Rue de Trevise 75009 Paris And the Real Estate In Which The Fonds De Commerce Is Carried Out

BackJun 22, 2009
General Announcement
Reference No AS-090622-67678

 

Company Name
:
 ADVANCE SYNERGY BERHAD  
Stock Name
:
 ASB  
Date Announced
:
 22/06/2009  


Type
:
 Announcement
Subject
:
ADVANCE SYNERGY BERHAD (“ASB”)
PROPOSED ACQUISITION BY LAUNCESTON DEVELOPMENTS LIMITED (“LDL”), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF ASB [HELD VIA ALANGKA-SUKA HOTELS & RESORTS BERHAD, A WHOLLY-OWNED SUBSIDIARY OF ASB] OF THE ON-GOING BUSINESS (“FONDS DE COMMERCE”) OF THE HOTEL MARCIANO LAFAYETTE LOCATED AT 46 RUE DE TREVISE 75009 PARIS AND THE REAL ESTATE IN WHICH THE FONDS DE COMMERCE IS CARRIED OUT

Contents
:
Further to our announcement on 18 May 2009, we wish to inform the Exchange that, on 19 June 2009, the Bilateral Undertakings to Sell (“Agreements”) have been entered into between LDL and SARL Marciano Lafayette, a French limited liability company located at 46 rue de Trévise, 75009 Paris, France, owner of the on-going business (“Fonds de Commerce”) of the Hotel Marciano Lafayette, located at 46 rue de Trévise, 75009 Paris, France as well as SCI Trevise Marciano, a French civil company, owner of the real estate (“Real Estate”) in which the Fonds de Commerce is carried out (collectively, referred to as “Sellers”) for LDL or its nominee(s) to acquire from the Sellers the Fonds de Commerce and the Real Estate, a city centre hotel with 38 rooms, located at 46 rue de Trévise, 75009 Paris, France for a cash consideration of 5,450,000 Euros (equivalent to approximately RM26.78 million) comprising 3,100,000 Euros for the Real Estate and 2,350,000 Euros for the Fonds de Commerce (“Acquisition”).

Announcement Details :


 

Please refer to the attachment for the full announcement.


Attachments

  1. ASB220609.pdf (Size: 43,606 bytes)