|DOMINANT ENTERPRISE BERHAD|
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DOMINANT ENTERPRISE BERHAD ("DOMINAN" or "the Company") : Acquisition of Property by Wira Land Development Sdn. Bhd., a Wholly-Owned Subsidiary of the Company
The Board of Directors of Dominant Enterprise Berhad (“DOMINAN” or “the Company”) wishes to announce that Wira Land Development Sdn. Bhd. [Registration No. 201101016207 (944341-K)] (“Wira Land” or “the Purchaser”), a wholly-owned subsidiary of DOMINAN, had entered into a Conditional Sale and Purchase Agreement ("SPA") on 28 October 2021 with Senai Airport City Sdn. Bhd. [Registration No. 200501002266 (679312-V)] (“the Vendor") for the purchase of a Property, at the Purchase Consideration of RM21,189,762.00 (Ringgit Malaysia Twenty-One Million One Hundred Eighty Nine Thousand Seven Hundred Sixty Two only) (“Purchase Price”) and subject to the terms and conditions as stipulated in the said SPA.
The highest percentage ratio applicable to the said Acquisition is 6.80%.
None of the directors, major shareholders of DOMINAN and/or persons connected to them has any interest, direct or indirect in the said Acquisition.
Further details of the Acquisition are attached herein for information.
This announcement is dated 28 October 2021.
Please refer attachment below.