| General Announcement for PLC |
| Reference No: |
GA1-08092023-00055 |
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| Company Name |
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ECM LIBRA GROUP BERHAD |
| Stock Name |
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ECM |
| Date Announced |
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08/09/2023 |
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| Type |
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Announcement |
| Subject |
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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS |
| Description |
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ECM Libra Group Berhad ("ECMLG")
- Proposed acquisition of land by ECM Libra Beachfront Sdn Bhd
("ECML Beachfront"), a wholly-owned subsidiary of ECMLG |
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| The Board of Directors of ECMLG wishes to announce that on 8 September 2023, ECML Beachfront had entered into a conditional sale and purchase agreement with Desaru Beach Parks Sdn Bhd for the proposed acquisition of a piece of leasehold land held under H.S.(D) 36682, PTD 8351, Mukim Pantai Timur, District of Kota Tinggi, State of Johor Darul Takzim, measuring in land area of approximately 44,427.00 square metres for cash consideration of RM19,812,954.67 ("Proposed Acquisition of DBPSB Land").
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Please refer to the attachment for the details of the Proposed Acquisition of DBPSB Land.
This announcement is dated 8 September 2023.
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