Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | JAYA TIASA HOLDINGS BERHAD ("JTH" OR "THE COMPANY") PROPOSED ACQUISITION OF THREE (3) RESIDENTIAL LEASEHOLD LANDS APPROVED FOR MIXED DEVELOPMENT AND ONE (1) VACANT LEASEHOLD LAND, ALL SITUATED IN SIBU TOWN DISTRICT, BY JAYA TIASA PROPERTY SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY FOR A TOTAL PURCHASE CONSIDERATION OF RM100,000,000.00 ("PROPOSED ACQUISITIONS") |
The Board of Directors of JTH wishes to announce that Jaya Tiasa Property Sdn. Bhd. [Registration No. 202501011291 (1612705-v)], a wholly-owned subsidiary of the Company, has on 30 May 2025 entered into a conditional sale and purchase agreement (“SPA”) with Yemas Development Sdn Bhd [Registration No. 199601007047 (379393-W)], for the purchase of four (4) parcels of vacant leasehold lands held under Lot 1369 Block 4, Lot 1830 Block 4, Lot 2954 Block 4 and Lot 693, Sibu Town District, Sarawak for a total purchase consideration of RM100,000,000.00 to be satisfied fully in cash subject to the terms and conditions as contained in the SPA (collectively referred to as the “Proposed Acquisitions”).
Please refer to the attachment for details of the announcement.
This announcement is dated 30 May 2025.
Please refer attachment below.
Company Name | JAYA TIASA HOLDINGS BHD |
Stock Name | JTIASA |
Date Announced | 30 May 2025 |
Category | General Announcement for PLC |
Reference Number | GA1-30052025-00014 |
Attachments