TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS SALE AND PURCHASE AGREEMENT BETWEEN WIN SOON AUTO SUPPLIERS SDN. BHD. [REGISTRATION NO.: 200701025854 (783875-W)], A WHOLLY-OWNED SUBSIDIARY OF SOLID AUTOMOTIVE BERHAD, AND PAM MACHINERY COMPONENTS (M) SDN. BHD. [REGISTRATION NO.: 198901009335 (186636-A)] FOR THE DISPOSAL OF ALL THAT PIECE OF NINETY-NINE (99) YEARS LEASEHOLD LAND EXPIRING ON 10 FEBRUARY 2113 (HEREINAFTER REFERRED TO AS "PROPOSED DISPOSAL")
| SOLID AUTOMOTIVE BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | SALE AND PURCHASE AGREEMENT BETWEEN WIN SOON AUTO SUPPLIERS SDN. BHD. [REGISTRATION NO.: 200701025854 (783875-W)], A WHOLLY-OWNED SUBSIDIARY OF SOLID AUTOMOTIVE BERHAD, AND PAM MACHINERY COMPONENTS (M) SDN. BHD. [REGISTRATION NO.: 198901009335 (186636-A)] FOR THE DISPOSAL OF ALL THAT PIECE OF NINETY-NINE (99) YEARS LEASEHOLD LAND EXPIRING ON 10 FEBRUARY 2113 (HEREINAFTER REFERRED TO AS "PROPOSED DISPOSAL") |
|
Reference is made to the announcement dated 16 May 2025 in relation to the Proposed Disposal. Unless otherwise stated, the definitions used herein shall have the same meaning as defined in the said announcement. The Board of Directors of Solid Automotive Berhad wishes to announce that the Proposed Disposal has been completed on 14 October 2025, following the settlement of balance disposal consideration of RM5,652,000.00 (being 90% of the disposal consideration) by PAM Machinery Components (M) Sdn. Bhd. ("PAM" or "Purchaser") to Win Soon Auto Suppliers Sdn. Bhd. ("WS" or "Vendor"). This announcement is dated 15 October 2025. |
|
Announcement Info
| Company Name | SOLID AUTOMOTIVE BERHAD |
| Stock Name | SOLID |
| Date Announced | 15 Oct 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15102025-00053 |