AVALAND

0.170

+0.005 (+3%)

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.

(Unless otherwise defined in this announcement, the terms used throughout this announcement shall have the same meaning as defined in the announcement dated 28 April 2026 in relation to the Proposed Acquisition.)

 

The Company wishes to announce that on 2 September 2026, NASB received notification from its solicitors confirming that all conditions precedent to the Sale and Purchase Agreement ("SPA") have been fulfilled and that the SPA has become unconditional on 2 September 2026.

 

This announcement is dated 2 September 2026.



Announcement Info

Company Name AVALAND BERHAD
Stock Name AVALAND
Date Announced 02 Sep 2026
Category General Announcement for PLC
Reference Number GA1-02092026-00030


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