| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | SKYWORLD DEVELOPMENT BERHAD ("SKYWORLD DEVELOPMENT" OR THE "COMPANY") PROPOSED JOINT DEVELOPMENT BETWEEN SKYWORLD DEVELOPMENT, PENANG DEVELOPMENT CORPORATION AND PDC PROPERTIES SDN BHD FOR THE DEVELOPMENT OF APPROXIMATELY 195.5 ACRES OF LAND LOCATED IN BATU KAWAN, PENANG AND SEBERANG JAYA, PENANG - UPDATE |
Further to the Company’s announcement made on 10 December 2024 and the approval obtained from the shareholders of the Company at the Extraordinary General Meeting held on 29 April 2025 in relation to the Proposed Joint Development, the Board of Directors wishes to announce that SkyWorld Development, via SkyWorld Cassia Development Sdn Bhd (formerly known as SkyAvana Development Sdn Bhd), a wholly-owned subsidiary of SkyWorld Development had on 8 July 2025 entered into a sale and purchase agreement with PDC ("Parcel 1 SPA") to acquire one (1) parcel of land measuring approximately 25.9 acres (“Parcel 1”) to be alienated from part of all that piece of land measuring in aggregate approximately 161.5 acres located at Mukim 13, Bandar Cassia, Seberang Perai Selatan, Pulau Pinang for a total purchase price of RM48,512,772.00 or RM43 per square foot in accordance with the terms and conditions set out in the Parcel 1 SPA (“Proposed Parcel 1 Acquisition”).
Further details of the Proposed Parcel 1 Acquisition are set out in the announcement attached.
This announcement is dated 8 July 2025.
Please refer attachment below.
| Company Name | SKYWORLD DEVELOPMENT BERHAD |
| Stock Name | SKYWLD |
| Date Announced | 08 Jul 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08072025-00033 |
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