TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS GOLDEN LAND BERHAD ("GLB" OR THE "COMPANY") PROPOSED DISPOSAL BY PT GOLDEN LAND GEMILANG ("PT GLG"), A WHOLLY-OWNED SUBSIDIARY OF GLB OF ITS ENTIRE 95% EQUITY INTEREST HELD IN PT SETARA KILAU MAS ADICITA ("PT SKMA") AND PT SUMBER BUMI SERASI ("PT SBS") RESPECTIVELY FOR A CASH CONSIDERATION OF APPROXIMATELY RM147.25 MILLION OR APPROXIMATELY IDR530.54 BILLION, SUBJECT TO COMPLETION ADJUSTMENTS ("PROPOSED DISPOSAL")
| GOLDEN LAND BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | GOLDEN LAND BERHAD ("GLB" OR THE "COMPANY")
PROPOSED DISPOSAL BY PT GOLDEN LAND GEMILANG ("PT GLG"), A WHOLLY-OWNED SUBSIDIARY OF GLB OF ITS ENTIRE 95% EQUITY INTEREST HELD IN PT SETARA KILAU MAS ADICITA ("PT SKMA") AND PT SUMBER BUMI SERASI ("PT SBS") RESPECTIVELY FOR A CASH CONSIDERATION OF APPROXIMATELY RM147.25 MILLION OR APPROXIMATELY IDR530.54 BILLION, SUBJECT TO COMPLETION ADJUSTMENTS ("PROPOSED DISPOSAL") |
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On behalf of the Board of Directors of GLB, UOB Kay Hian Securities (M) Sdn Bhd wishes to announce that PT GLG, a wholly-owned subsidiary of GLB, together with Jeffrey Lachmandas Mahtani and Maurice Maulana Situmorang had on 16 April 2025 entered into a Conditional Share Purchase Agreement with PT Evans Indonesia and PT Teguh Jayaprima Abadi as well as PT SKMA and PT SBS for the Proposed Disposal.
Further details of the Proposed Disposal are set out in the announcement attached below. |
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Please refer attachment below.
Announcement Info
| Company Name | GOLDEN LAND BERHAD |
| Stock Name | GLBHD |
| Date Announced | 16 Apr 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16042025-00061 |