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RTNominal down1.200 -0.010 (-0.826%)

04/11/2021 11:52

Pentamaster (01665) to buy land at MYR28.28 million

[ET Net News Agency, 4 November 2021] Pentamaster International Limited (01665) said
its subsidiary Pentamaster Equipment Manufacturing Sdn. Bhd. has entered into a sale and
purchase agreement with the Penang Development Corporation for the proposed acquisition of
a piece of leasehold land for a total cash consideration of MYR28.28 million.
The land is a piece of leasehold land described as all that plot of land known as Plot
1(b) measuring approximately 11.8037 acres (about 4.7768 hectares) as marked on the plan
in the SPA which forms part of the master land located in the industrial park known as
Batu Kawan Industrial Park, Penang established by the vendor with a tenure of sixty years
expiring on 20 October 2069. (RC)

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