[LANDMRK] Acquisitions on 20-May-2021

Stock
[LANDMRK]: LANDMARKS BHD
Announcement Date
20-May-2021
Listing Date
21-May-2021
New Type/Class?
No
Type
Acquisitions
Details
ACQUISITION BY TIARA GATEWAY PTE LTD, A WHOLLY-OWNED SUBSIDIARY OF PRIMARY GATEWAY SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF LANDMARKS BERHAD ("LANDMARKS") OF THE RIGHTS AND INTEREST UNDER HAK GUNA BANGUNAN NO. 00105/SEBONG LAGOI IN RELATION TO A PARCEL OF LAND, IDENTIFIED AS LOT AR1 WISMA, LOCATED AT TREASURE BAY BINTAN, BINTAN ISLAND, REPUBLIC OF INDONESIA, HAVING A TOTAL ESTIMATED AREA OF 12,578 SQUARE METERS AND THE BUILDINGS CONSTRUCTED THEREON FOR A TOTAL CONSIDERATION OF SGD9.78 MILLION (EQUIVALENT TO APPROXIMATELY RM29.77 MILLION) TO BE SATISFIED THROUGH THE ISSUANCE OF 84,830,494 NEW ORDINARY SHARES IN LANDMARKS AT THE ISSUE PRICE OF RM0.34 EACH AND CASH CONSIDERATION OF SGD303,750 (EQUIVALENT TO APPROXIMATELY RM924,919), THROUGH THE ACQUISITION OF THE ENTIRE EQUITY INTEREST IN PT BUANA WISATAMA ("ACQUISITION")
No. of shared issued
84,830,494
Issue Price
Malaysian Ringgit (MYR) 0.340
Par Value
0.000
Total NOSH
668,734,331
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