PROPOSED ACQUISITION BY CRIMSON VILLA SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF GADANG HOLDINGS BERHAD, OF A PARCEL OF FREEHOLD LAND HELD UNDER GERAN 271958, LOT 20504, MUKIMSEMENYIH, DAERAH ULU LANGAT, SELANGOR DARUL EHSAN,MEASURING APPROXIMATELY 62.84 ACRES FROM SEMENTAR PROPERTIES SDN BHD FOR PURCHASE CONSIDERATION OF APPROXIMATELY RM95.8 MILLION TO BE SATISFIED IN FULL VIA CASH ("PROPOSED ACQUISITION")
Further to the Notice of Extraordinary General Meeting ("EGM") dated 8 April 2015, the Board of Directors of Gadang Holdings Berhad is pleased to announce that the resolution in relation to the Proposed Acquisition tabled at the EGM held on 23 April 2015 has been approved by the shareholders during the EGM.
This announcement is dated 23 April 2015.