SOLID AUTOMOTIVE BERHADSale and Purchase Agreement • September 30th, 2024
Description : SALE AND PURCHASE AGREEMENT (“SPA”) BETWEEN SOUTH EAST ASIA PLASTIC INDUSTRIES SDN. BHD. (REGISTRATION NO. 198001006428 [60212-D]) (HEREINAFTER REFERRED TO AS “THE VENDOR”) AND PART CENTER SDN. BHD. (REGISTRATION NO. 200301006755 [609175-K]) (HEREINAFTER REFERRED TO AS “THE PURCHASER”), A WHOLLY-OWNED SUBSIDIARY OF SOLID AUTOMOTIVE BERHAD (HEREINAFTER REFERRED TO AS “THE COMPANY”) FOR THE PURCHASE OF ALL THAT PIECE OF NINETY NINE (99) YEARS LEASEHOLD LAND EXPIRING ON 5TH SEPTEMBER 2074 HELD UNDER H.S.(M) 3775, PT 15, MUKIM BATU, TEMPAT JALAN PERUSAHAAN EMPAT, BATU CAVES, DAERAH GOMBAK, NEGERI SELANGOR WITH AN AREA MEASURING APPROXIMATELY 4,039.9423 SQUARE METRES (43,487 SQUARE FEET) TOGETHER WITH A UNIT OF SINGLE STOREY FACTORY AND TWO AND HALF (2 ½) STOREY OFFICE ERECTED THEREON AND BEARING POSTAL ADDRESS OF NO. 15, JALAN PERUSAHAAN EMPAT, PERUSAHAAN BATU CAVES, 68100 BATU CAVES, SELANGOR DARUL EHSAN (HEREINAFTER REFERRED TO AS “THE PROPOSED ACQUISITION”).