ANNOUNCEMENT DETAILS

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS THREE-A RESOURCES BERHAD (481559-M) Acquisition of Properties by San Soon Seng Food Industries Sdn. Bhd. (179092-H), a wholly-owned subsidiary of Three-A Resources Berhad (481559-M)

THREE-A RESOURCES BERHAD
Announcement Date 05 Dec 2012
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description THREE-A RESOURCES BERHAD
Acquisition of Properties by San Soon Seng Food Industries Sdn. Bhd. (179092-H), a wholly-owned subsidiary of Three-A Resources Berhad (481559-M)

Further to the announcement made by Three-A Resources on 3 December 2012 (Ref. No. CK-121203-DBF60), the Board of Directors of Three-A Resources Berhad wish to furnish herewith the following information to the Exchange :-

1) To quantify the current market value of neighbouring properties transacted:-
The purchase price is based on a willing buyer willing seller transacted at RM61.63/sf., current market value of neighbouring land is in the range of RM55 - RM65/sf.

2) To provide brief desciption of the manufacting operations to be carried out at the Property;
The Group plans to build a warehouse for finished goods and raw material on the Property.

3) To provide breakdown of funding used to settle the Purchase consideration (if any)
The purchse of the Property is to be financed through bank borrowings as well as internally- generated funds of the Group.