| 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 FOUR (4) PARCELS OF ADJOINING FREEHOLD LANDS ALL HELD UNDER MUKIM 14, DAERAH SEBERANG PERAI TENGAH, NEGERI PULAU PINANG, MEASURING IN AGGREGATE APPROXIMATELY 26.369 ACRES BY PREFAB MASTER (PENANG) SDN. BHD. FOR A TOTAL CASH CONSIDERATION OF RM82,701,622.08 |
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 Prefab Master (Penang) Sdn. Bhd., a wholly-owned subsidiary of Prefab Master Sdn Bhd, which in turn is a 70%-direct owned subsidiary of SkyWorld Development, has on 8 August 2025, entered into a Sale and Purchase Agreement with Mr Tan Tio Cheng @ Tan Chow Cheng for the acquisition of four (4) parcels of adjoining freehold lands all held under Mukim 14, Daerah Seberang Perai Tengah, Negeri Pulau Pinang, measuring in aggregate approximately 26.369 acres (or equivalent to 1,148,633.64 square feet) for a total cash consideration of RM82,701,622.08 only (valued at RM72 per square foot) (collectively 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 8 August 2025.
Please refer attachment below.
| Company Name | SKYWORLD DEVELOPMENT BERHAD |
| Stock Name | SKYWLD |
| Date Announced | 08 Aug 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08082025-00015 |
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