ATTA Global in RM28mil Penang land buy
Park Avenue Construction Sdn Bhd, has entered into three separate sales and purchase agreements to acquire three adjoining lots of land in Barat Daya, Penang.
PETALING JAYA: ATTA Global Group Bhd’s wholly-owned subsidiary, Park Avenue Construction Sdn Bhd, has entered into three separate sales and purchase agreements to acquire three adjoining lots of land amounting to 260,988 sq ft in Barat Daya, Penang, for RM28mil.
In a filing with Bursa Malaysia, the company said the purchase consideration will be satisfied via the issuance of 114.29 million new shares in Atta at an issue price of 24.5 sen apiece.
The group said it would issue 69.39 million and 44.9 million shares to the vendors – Limbo Ngan Maung Sdn Bhd and Utopia Span Sdn Bhd – respectively.