Asset Acquisitions and Disposals::Proposed Acquisition of Land in Central Java, Indonesia
Issuer & Securities
COMBINE WILL INTL HLDGS LTD
COMBINE WILL INTL HLDGS LTD - KYG229811156 - N0Z
Asset Acquisitions and Disposals
Date &Time of Broadcast
Announcement Sub Title
Proposed Acquisition of Land in Central Java, Indonesia
Submitted By (Co./ Ind. Name)
Ng Joo Khin
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of the Company wishes to inform Shareholders that the Company is proposing to acquire industrial land with a total land area of 5.6 hectares located in Karang Malang, Masaran, Sragen, Central Java, Indonesia for a cash consideration of IDR 30 billion (approximately S$3.1 million). The acquisition, if proceeded with, will be made through PT Combine Will Industrial Indonesia, a new indirect wholly-owned subsidiary established in Indonesia for the purpose of the proposed acquisition.
For further details on the proposed acquisition (including the rationale for the acquisition), please refer to the attached announcement.
Total size =45K