| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SKYWORLD DEVELOPMENT BERHAD ("SKYWORLD DEVELOPMENT" OR THE "COMPANY") - PROPOSED ACQUISITION OF ALL THAT PIECE OF FREEHOLD LAND HELD UNDER GERAN MUKIM 1697, LOT 1872, TEMPAT SUNGEI TEBA, MUKIM BATU, DAERAH KUALA LUMPUR, NEGERI WILAYAH PERSEKUTUAN KUALA LUMPUR, MEASURING APPROXIMATELY 3.032 ACRES (OR 1.227 HECTARE) BY RIMBA MAJU REALITI SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF SKYWORLD DEVELOPMENT, FOR A TOTAL CASH CONSIDERATION OF RM110,000,000.00 |
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Pursuant to Paragraph 10.06(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that Rimba Maju Realiti Sdn. Bhd., a wholly-owned subsidiary of SkyWorld Development, has on 16 April 2025, entered into a Sale and Purchase Agreement with M S Tan Corporation Sdn. Bhd. for the acquisition of all that piece of freehold land held under Geran Mukim 1697, Lot 1872, Tempat Sungei Teba, Mukim Batu, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur, measuring approximately 3.032 acres (or equivalent to 1.227 hectare) for a total cash consideration of RM110,000,000.00 only (hereinafter referred to as "Proposed Acquisition"). Further details of the Proposed Acquisition are set out in the announcement and press release attached below. This announcement is dated 16 April 2025. |
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Please refer attachment below.
| Company Name | SKYWORLD DEVELOPMENT BERHAD |
| Stock Name | SKYWLD |
| Date Announced | 16 Apr 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24032025-00048 |
Attachments