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Sale And Purchase Agreement Signed Between Knusford Berhad And Tropicana Danga Bay Sdn Bhd For The Purchase Of 11 Units Retail Lots Of Tropez Residences Located In Johor Bahru

BackApr 30, 2015
Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-30042015-00002
Subject Sale and purchase agreement signed between Knusford Berhad and Tropicana Danga Bay Sdn Bhd for the purchase of 11 units retail lots of Tropez Residences located in Johor Bahru
Description 
Sale and purchase agreement signed between Knusford Berhad and Tropicana Danga Bay Sdn Bhd for the purchase of 11 units retail lots of Tropez Residences located in Johor Bahru
Query Letter Contents

We refer to your Company's announcement dated 29 April 2015, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

i) Tenure of the land on which the 11 units of retail lots are erected.

ii) The date(s) on which the Deposit and Balance Purchase Price amounts were/will be made.

iii) Number of units to be used as corporate office and for letting out respectively, and expected rental income per month.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully

TAN YEW ENG

Vice President, Issuers

Listing Division, Regulation

NMA

Cc: Market Surveillance Dept., Securities Commission (via fax)

Knusford Berhad (“KB” or “the Company”) is pleased to furnish herewith the additional information as required by Bursa Malaysia Securities Berhad (“Bursa Securities”) via its letter dated 30 April 2015:-

1. Tenure of the land on which the 11 units of retail lots are erected:

    The tenure of the property is freehold.

2.The date(s) on which the Deposit and Balance Purchase Price amounts were/will be made:

   The Deposits were paid on 29 April 2015 and the Balance Purchase Price will be by 29 July 2015, ie within 3 months from the date of Sale and Purchase Agreement.

3. Number of units to be used as corporate office and for letting out respectively, and expected rental income per month:

    9 units will be used as corporate office and the remaining 2 units will be for rental. The expected rental income is about RM 7,000 per month for the said 2 units.

This announcement is dated 30 April 2015.



Announcement Info

Company Name KNUSFORD BERHAD
Stock Name KNUSFOR
Date Announced 30 Apr 2015
Category General Announcement for PLC
Reference Number GA1-30042015-00086