AVALAND

0.185

-0.005 (-2.6%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY SOLID INTEREST SDN. BHD. ("SISB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF AVALAND HOLDINGS BERHAD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF AVALAND BERHAD, OF NINE (9) ADJOINING PARCELS OF FREEHOLD DEVELOPMENT LAND MEASURING APPROXIMATELY 3.194 ACRES ALL LOCATED AT BANDAR KUALA LUMPUR ("LAND") FROM TANAHKU HOLDINGS SDN. BHD. ("THSB" OR "VENDOR") FOR A TOTAL PURCHASE CONSIDERATION OF RM148.8 MILLION

AVALAND BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
PROPOSED ACQUISITION BY SOLID INTEREST SDN. BHD. ("SISB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF AVALAND HOLDINGS BERHAD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF AVALAND BERHAD, OF NINE (9) ADJOINING PARCELS OF FREEHOLD DEVELOPMENT LAND MEASURING APPROXIMATELY 3.194 ACRES ALL LOCATED AT BANDAR KUALA LUMPUR ("LAND") FROM TANAHKU HOLDINGS SDN. BHD. ("THSB" OR "VENDOR") FOR A TOTAL PURCHASE CONSIDERATION OF RM148.8 MILLION

(Unless otherwise defined in this announcement, the terms used throughout this announcement shall have the same meaning as defined in the announcement dated 10 July 2025 and 5 January 2026 in relation to the Proposed Acquisition.)

 

The Company wishes to announce that on 24 March 2026, SISB received a notification from its solicitors confirming that the Balance Purchase Price under the Sale and Purchase Agreement ("SPA") had been fully paid on the same date. Accordingly, the Proposed Acquisition is deemed completed on 24 March 2026.

 

This announcement is dated 25 March 2026.



Announcement Info

Company Name AVALAND BERHAD
Stock Name AVALAND
Date Announced 25 Mar 2026
Category General Announcement for PLC
Reference Number GA1-25032026-00021


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