Scanwolf Corporation Bhd

04/30/2021 | Press release | Archived content

Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

The Board of Directors of Scanwolf wishes to announce that its wholly owned subsidiary, Scanwolf Plastic Industries Sdn Bhd ('SPISB' or 'the Vendor'), had on 30 April 2021, entered into a Sale and Purchase Agreement ('SPA' or 'the Agreement') with Dolphin Paint (KL) Sdn Bhd ('Dolphin Paint' or 'the Purchaser') for the disposal of all that piece of leasehold land (99 years lease expiring on 11 December 2096) held under individual title Pajakan Negeri 17230, Lot 40302 Mukim Sungai Buloh, District of Petaling, State of Selangor measuring an area approximately 2,051 square metres together with a corner detached factory erected thereon known as No. 16, Jalan U5/16, Bandar Pinggiran Subang, Seksyen U5, 40150 Shah Alam, Selangor ('Property') for a cash sale consideration of RM6,800,000.00 ('Sale Consideration') ('the Disposal').

Please refer to the attachment for further details.

This announcement is dated 30 April 2021.