Details of corporate proposal |
Proposed Acquisition by Favelle Favco Berhad (“FFB”) of a Crane Fabrication Yard Comprising Freehold Industrial Land, Buildings and Improvements, Located at No. 28 Yarrunga Street, Prestons, New South Wales, 2170 Australia with a Total Land Area Measuring Approximately 11.6 Acres from Muhibbah Engineering (M) Bhd (“MEB”) for a Total Purchase Consideration of AUD15,000,000 (Equivalent to RM48,091,500), to be Satisfied via the Issuance of 31,678,743 New Ordinary Shares of RM0.50 Each in FFB (“FFB Shares”) (“Proposed Acquisition”)
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