AVALAND

0.180

-0.005 (-2.7%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY NEXUS ADVERTISING SDN. BHD. ("NASB OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF AVALAND HOLDINGS BERHAD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF THREE (3) ADJOINING PARCELS OF FREEHOLD DEVELOPMENT LAND MEASURING APPROXIMATELY 7,612.63 SQUARE METRES IN AGGREGATE, ALL AT TOWN AND DISTRICT OF KUALA LUMPUR ("LAND") FROM TONG AH COMPANY SDN. BERHAD ("TACSB" OR "VENDOR") FOR A TOTAL PURCHASE CONSIDERATION OF RM86,039,000.00

AVALAND BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
PROPOSED ACQUISITION BY NEXUS ADVERTISING SDN. BHD. ("NASB OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF AVALAND HOLDINGS BERHAD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF THREE (3) ADJOINING PARCELS OF FREEHOLD DEVELOPMENT LAND MEASURING APPROXIMATELY 7,612.63 SQUARE METRES IN AGGREGATE, ALL AT TOWN AND DISTRICT OF KUALA LUMPUR ("LAND") FROM TONG AH COMPANY SDN. BERHAD ("TACSB" OR "VENDOR") FOR A TOTAL PURCHASE CONSIDERATION OF RM86,039,000.00

The Board of Directors of Avaland  Berhad ("Board") wishes to announce that NASB had on 28 April 2026 entered into a conditional sale and purchase agreement ("SPA") with the Vendor to acquire the Land for a total purchase consideration of RM86,039,000.00 ("Purchase Consideration") ("Proposed Acquisition").

 

Further details of the Proposed Acquisition are set out in the attached announcement.

 

This announcement is dated 28 April 2026.


Please refer attachment below.

Attachments

Avaland Berhad - U-Thant Land Announcement.pdf
170.2 kB


Announcement Info

Company Name AVALAND BERHAD
Stock Name AVALAND
Date Announced 28 Apr 2026
Category General Announcement for PLC
Reference Number GA1-28042026-00005


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