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Bonia Corporation Berhad's CRG Incorporated Sdn Bhd Enters Into Seven Sale And Purchase Agreements With Platinum Starhill Sdn Bhd


Tuesday, 14 May 2013 05:31am EDT 

Bonia Corporation Berhad announced that CRG Incorporated Sdn Bhd (CRG), a wholly-owned subsidiary of Bonia had on May 14, 2013 entered into seven sale and purchase agreements (SPAs) respectively with Platinum Starhill Sdn Bhd, (PSSB) for the purpose of acquiring an office block (known as Block C) comprises of 7 parcels under unit No. LG1, Level 1, Level 2, Level 3, Level 4, Level 5 and Level 6 under the project known as Platinum Starhill Business Centre located in Daerah Ulu Langat, State of Selangor Darul Ehsan (the Property) for a total consideration of MYR20,936,500.00 (the Acquisition). The Property is an office block (known as Block C) comprise of 7 parcels under unit LG1, Level 1, Level 2, Level 3, Level 4, Level 5 and Level 6 with a total area of approximately 41,873 square feet to be erected on the said Land. The source of funding for the Acquisition will be from the internally generated funds and partly financed by bank borrowing. The Acquisition is expected to be completed within 36 months from the SPAs date. The Property is currently under construction and is expected to be completed by end of 2014. 

Company Quote

1.1
-0.01 -0.90%
4:59am EDT