Type
:
Announcement
Subject
:
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

Description
:
JAKS RESOURCES BERHAD ("JRB" or the "Company")
-Proposed Disposal of land by subsidiary, Harbour Front Development Sdn Bhd

Attachments
:
Disposal of Meru land.pdf

Announcement Details/Table Section :


The Board of Directors of JRB wishes to announce that the wholly-owned subsidiary of the Company, Harbour Front DevelopmentSdn Bhd had on 2 September 2014 entered into conditional sale and purchase agreements with Welloyd Engineering (M) Sdn Bhd, a company incorporated in Malaysia with its registered office at Lot 33004/5, Jalan kebun, Kampung Jawa, 42450 Klang, Selangor Darul Ehsan for the purpose of the sale of a piece of freehold land for a total cash consideration of RM59,395,256.00 (the "Proposed Disposal").

Further details of the Proposed Disposal are as per file attached. 

This announcement is dated 3 September 2014.


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