News

Transactions (Chapter 10 Of Listing Requirements):Related Party Transactions

BackAug 17, 2012
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description ADVANCE SYNERGY BERHAD ("ASB")
PROPOSED ACQUISITION OF OFFICE PREMISE FROM A RELATED PARTY BY ANTARA HOLIDAY VILLAS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF ASB

The Board of Directors of ASB wishes to announce that Antara Holiday Villas sdn Bhd (“AHV” or the “Purchaser”), an indirect wholly-owned subsidiary of ASB, had via a letter of acceptance dated 17 August 2012 ("Letter of Acceptance") accepted an offer to purchase a property bearing the postal address of B-16-8, Megan Avenue II, No. 12 Jalan Yap Kwan Seng, 50450 Kuala Lumpur (“Office Premise”) for a cash consideration of RM2,200,000.00 (“Purchase Consideration”) from ASH Holdings Sdn Bhd (“ASH” or the “Vendor”) (“Proposed Acquisition”).

Please refer to the attachment for full announcement.

 


Announcement Info

Company Name ADVANCE SYNERGY BERHAD  
Stock Name ASB    
Date Announced 17 Aug 2012  
Category General Announcement
Reference No AS-120817-61282

Attachments

  1. ASB170812.pdf (Size: 63,374 bytes)