TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS BOX-PAK (MALAYSIA) BHD. (“BOX-PAK” OR THE “COMPANY”) SUBLEASE BY BOX-PAK (VIETNAM) CO., LTD (“BPV”), A WHOLLY-OWNED SUBSIDIARY OF BOX-PAK, THROUGH A PROJECT COMPANY (TO BE INCORPORATED AS A WHOLLY-OWNED SUBSIDIARY OF BPV), OF A PARCEL OF LEASEHOLD VACANT INDUSTRIAL LAND LOCATED IN LAND LOT I-9, D5 & N5 STREETS, HUU THANH INDUSTRIAL ZONE, DUC HOA DISTRICT, LONG AN PROVINCE, VIETNAM (“SUBJECT PROPERTY”) (“SUBLEASE”)
| BOX-PAK (MALAYSIA) BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | BOX-PAK (MALAYSIA) BHD. (“BOX-PAK” OR THE “COMPANY”) SUBLEASE BY BOX-PAK (VIETNAM) CO., LTD (“BPV”), A WHOLLY-OWNED SUBSIDIARY OF BOX-PAK, THROUGH A PROJECT COMPANY (TO BE INCORPORATED AS A WHOLLY-OWNED SUBSIDIARY OF BPV), OF A PARCEL OF LEASEHOLD VACANT INDUSTRIAL LAND LOCATED IN LAND LOT I-9, D5 & N5 STREETS, HUU THANH INDUSTRIAL ZONE, DUC HOA DISTRICT, LONG AN PROVINCE, VIETNAM (“SUBJECT PROPERTY”) (“SUBLEASE”) |
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We refer to the previous announcements and the circular to shareholders dated 10 June 2024 in relation to the Sublease (“Circular”). Unless otherwise defined, the definitions set out in the Circular shall apply herein.
On behalf of the Board, UOBKH wishes to announce that the Project Company has obtained the LURC and consequently, the payment for the balance 10% of the Sublease Consideration totalling VND17,952,400,000 (equivalent to approximately RM3,321,443) pursuant to the Land Sublease Contract has been effected and settled in full on 24 December 2024, hence marking the completion of the Sublease.
This announcement is dated 24 December 2024. |
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Announcement Info
| Company Name | BOX-PAK (MALAYSIA) BERHAD |
| Stock Name | BOXPAK |
| Date Announced | 24 Dec 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24122024-00010 |