The Board of Directors of the Company wishes to announce that the Company had on 20 June 2017 accepted the offer from Johor Corporation for the leasing of a piece of land situated at PLO 69, Tanjung Langsat Industrial Complex, Johor Bahru (“the Land”) for a total lease consideration amounting to RM10,763,589.36 (“Lease Consideration”) (“the Lease”) subject to the terms and conditions set out in the letters of offer dated 22 March 2017 and 15 May 2017 (“Letters of Offer”).
Please refer to the attachment for further details.
This announcement is dated 21 June 2017.