TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL OF 44.44% EQUITY INTEREST IN BFB PROJECT PTY LTD BY FAJARBARU LAND (M) SDN BHD

FAJARBARU BUILDER GROUP BHD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
PROPOSED DISPOSAL OF 44.44% EQUITY INTEREST IN BFB PROJECT PTY LTD BY FAJARBARU LAND (M) SDN BHD

The Board of Directors of Fajarbaru Builder Group Bhd ("FBG” or "the Company") is pleased to announce that Fajarbaru Land (M) Sdn Bhd (“FLM”) a wholly-owned subsidiary of FBG, has on 11 October 2024 entered into Share Purchase Agreement (“SPA”) with Mayfair International Investments Pty Ltd (“MII”) to dispose of 44.44% (represented by 1,000,100 ordinary shares) equity interest in BFB Project Pty Ltd (“BFB”) (“Proposed Disposal”), totalling AUD4,200,000.00 (Australian Dollar Four Million Two Hundred Thousand Only) or equivalent to RM12,108,180.00* (Ringgit Malaysia Twelve Million One Hundred Eight Thousand One Hundred Eighty Only) (“Disposal Consideration”) as detailed in the attachment.

This announcement is dated 11 October 2024. 






Announcement Info

Company Name FAJARBARU BUILDER GROUP BHD
Stock Name FAJAR
Date Announced 11 Oct 2024
Category General Announcement for PLC
Reference Number GA1-11102024-00018


Please refer attachment below.

  1. FBG - Proposed Disposal of BFB.pdf