News
PROPOSED DISPOSAL OF A HOTEL PROPERTY KNOWN AS CITY VILLA KUALA LUMPUR LOCATED AT NO. 69, JALAN HAJI HUSSEIN, OFF JALAN TUANKU ABDUL RAHMAN, 50300 KUALA LUMPUR BY MAYOR HOTELS SDN BHD ("MHSB" OR "Vendor"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF ASB [HELD VIA ALANGKA-SUKA HOTELS & RESORTS SDN BHD ("ASHR"), A WHOLLY-OWNED SUBSIDIARY OF ASB]
| Type | Announcement |
| Subject | OTHERS |
| Description |
ADVANCE SYNERGY BERHAD ("ASB") |
The Board of Directors of ASB (“Board”) wishes to announce that MHSB has on 6 November 2020 entered into a sale and purchase agreement (“SPA”) for M1 Plaza Sdn Bhd [Company No.: 202001025905 (1382225-K)] (“Purchaser”) to purchase from MHSB the hotel property known as City Villa Kuala Lumpur (“City Villa” or “Hotel”) as more particularly described in 2.1 hereinbelow, on “as is where is” basis for a total cash consideration of RM24,000,000 (“Purchase Price”) subject to the terms and conditions as stipulated in the SPA (“Proposed Disposal”).
Further details of the Proposed Disposal are as set out in the attachment.
This announcement is dated 6 November 2020.
Please refer attachment below.
Announcement Info
| Company Name | ADVANCE SYNERGY BERHAD |
| Stock Name | ASB |
| Date Announced | 06 Nov 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06112020-00045 |
Attachments
- ASB_Announcement_06_11_2020.pdf (Size: 650,749 bytes)