Bursa Alert
Global Market
NewsVendor rejects S P Setia’s bid for more time over RM330m land purchase
Page 1 of 1
Vendor rejects S P Setia’s bid for more time over RM330m land purchase
by hlk Tue 13 Dec 2011, 19:35
KUALA LUMPUR (Dec 13): S P Setia Bhd’s request for more time to
fulfill the conditions in its purchase of 1,010.5 acres of land in Ulu
Langat, Selangor for RM330.13 million was rejected by the vendor Ban
Guan Hin Realty Sdn Bhd.
S P Setia said on Tuesday Ban Guan Hin Realty did not agree to an
extension of the period to fulfill the conditions, including securing
the Estate Land Board’s approval for the sale and transfer of the land
to the purchaser.
“The purchaser is currently seeking legal advice on its position
under the sale and purchase agreement and will seek the appropriate
relief from the court, if necessary,” it said.
fulfill the conditions in its purchase of 1,010.5 acres of land in Ulu
Langat, Selangor for RM330.13 million was rejected by the vendor Ban
Guan Hin Realty Sdn Bhd.
S P Setia said on Tuesday Ban Guan Hin Realty did not agree to an
extension of the period to fulfill the conditions, including securing
the Estate Land Board’s approval for the sale and transfer of the land
to the purchaser.
“The purchaser is currently seeking legal advice on its position
under the sale and purchase agreement and will seek the appropriate
relief from the court, if necessary,” it said.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» KSK to purchase land within KL city centre for RM568 mln
» S P Setia’s proposed Semenyih land purchase for RM381m now unconditional
» Brazil rejects Europe debt purchase plan
» SP Setia rejects PNB offer
» Kumpulan Fima rejects compensation offer for Johor land
» S P Setia’s proposed Semenyih land purchase for RM381m now unconditional
» Brazil rejects Europe debt purchase plan
» SP Setia rejects PNB offer
» Kumpulan Fima rejects compensation offer for Johor land
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum