News

INTRODUCTION

The Board of Directors of ASB wishes to announce that ASR, its wholly-owned subsidiary, has on 16 January 2018 entered into two (2)  Sale and Purchase Agreements  as follows:-

•  Sale  and Purchase Agreement (“SPA 1”) with Petaling Garden Sdn Bhd (“Vendor 1”) for the proposed acquisition for 70% interest in a detached commercial 5-storey building block with carpark bearing postal address No. 17, Jalan Yap Ah Shak, 50300 Kuala Lumpur (“Property 1”); and

• Sale and Purchase Agreement (“SPA 2”) with Temasya Development Co. Sdn. Bhd. (“Vendor 2”)  for the proposed acquisition of 70% interest in a detached commercial 4-storey building block bearing postal address No. 9, Jalan Kajibumi U1/70, Seksyen U1, Temasya Glenmarie, 40150 Shah Alam, Selangor Darul Ehsan (“Property 2”) from Vendor 2

for a total cash consideration of RM40,950,000.00 (hereinafter referred to as “Proposed Acquisition”) and Vendor 1 and Vendor 2 shall hereinafter collectively be referred to as “Vendors”, Property 1 and Property 2 shall  hereinafter collectively be referred to as “Properties” and SPA 1 and SPA 2 shall hereinafter collectively be referred to as “SPA”.

Please refer to the attachment for further details.