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The Board of Directors of Boustead Holdings Berhad (“the Company”) wishes to announce that Mutiara Rini Sdn Bhd (“MRSB”), a wholly owned subsidiary of the Company had on 1 December 2010 entered into a Sale and Purchase Agreement ("SPA") to dispose a 1-acre plot of commercial land which forms part of H.S.(D) 486033 PT No. PTD 176566 Mukim Pulai, District of Johor Bahru, State of Johor to Boustead Petroleum Marketing Sdn Bhd (Company No. 5783-T) (“BPMSB”) for a total consideration of Ringgit Malaysia Three Million Nine Hundred and Sixty Three Thousand, Nine Hundred and Sixty Only (RM3,963,960.00) or RM91.00 per sq. ft. (“Disposal Price”).
Please refer to the attachment for the full announcement. |
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