OTHERS UEM SUNRISE BERHAD ("UEMS" OR THE "COMPANY") SALE & PURCHASE AGREEMENT DATED 20 DECEMBER 2017 BETWEEN NUSAJAYA GREENS SDN BHD ("NGSB"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF UEMS AND KII MORRIS SDN BHD ("KMRSB"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF KIMLUN CORPORATION BERHAD FOR THE DISPOSAL OF APPROXIMATELY 28.995 ACRES OF LAND IDENTIFIED AS H.S.(D) 458296 PTD 166915, MUKIM OF PULAI, ISKANDAR PUTERI, JOHOR BAHRU ("LAND") FOR A PURCHASE CONSIDERATION OF RM82,097,421.25 (PROPOSED DISPOSAL")

UEM SUNRISE BERHAD

Type Announcement
Subject OTHERS
Description 
UEM SUNRISE BERHAD ("UEMS" OR THE "COMPANY")

SALE & PURCHASE AGREEMENT DATED 20 DECEMBER 2017 BETWEEN NUSAJAYA GREENS SDN BHD ("NGSB"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF UEMS AND KII MORRIS SDN BHD ("KMRSB"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF KIMLUN CORPORATION BERHAD FOR THE DISPOSAL OF APPROXIMATELY 28.995 ACRES OF LAND IDENTIFIED AS H.S.(D) 458296 PTD 166915, MUKIM OF PULAI, ISKANDAR PUTERI, JOHOR BAHRU ("LAND") FOR A PURCHASE CONSIDERATION OF RM82,097,421.25 (PROPOSED DISPOSAL")

(Capitalised terms and all abbreviations used in this announcement shall have the same meanings as that used in our announcements dated 20 December 2017, 31 October 2018, 14 November 2018, 29 November 2018, 19 December 2018 and 26 December 2018 unless stated otherwise).

We refer to our previous announcements in relation to the Proposed Disposal.

The Company was notified today that the Proposed Disposal was completed on 27 March 2019 upon the settlement of the balance Purchase Consideration in accordance with the terms of the supplemental letter to the SPA dated 26 December 2018.

This announcement is dated 28 March 2019.



Announcement Info

Company Name UEM SUNRISE BERHAD
Stock Name UEMS
Date Announced 28 Mar 2019
Category General Announcement for PLC
Reference Number GA1-28032019-00046