Non-Related Party Transactions Under Chapter 10
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS WTEC GROUP BERHAD ("WTEC GROUP" OR THE "COMPANY") PROPOSED ACQUISITION BY WTEC SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WTEC GROUP, OF ONE (1) UNIT OF TWO (2) STOREY BUNGALOW FACTORY WHICH IS CURRENTLY UNDER CONSTRUCTION FROM HARTANAH LOTUS SDN BHD FOR A CASH CONSIDERATION OF RM7.74 MILLION ("PROPOSED ACQUISITION")
WTEC GROUP BERHAD
| Type | Announcement |
|---|---|
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | WTEC GROUP BERHAD ("WTEC GROUP" OR THE "COMPANY") PROPOSED ACQUISITION BY WTEC SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WTEC GROUP, OF ONE (1) UNIT OF TWO (2) STOREY BUNGALOW FACTORY WHICH IS CURRENTLY UNDER CONSTRUCTION FROM HARTANAH LOTUS SDN BHD FOR A CASH CONSIDERATION OF RM7.74 MILLION ("PROPOSED ACQUISITION") |
The Board of Directors of WTEC Group (“Board“) wishes to announce that WTEC Sdn Bhd (“WTEC” or “Purchaser“), a wholly-owned subsidiary of the Company, had on 17 August 2026, entered into a sale and purchase agreement (“SPA“) with Hartanah Lotus Sdn Bhd (“Hartanah Lotus” or “Vendor“) for the proposed acquisition of one (1) unit of two (2) storey bungalow factory which is currently under construction (“Subject Property“), for a total cash consideration of RM7,740,000 (“Purchase Consideration“) (“Proposed Acquisition“).
Please refer to the attachment for the details of this announcement.
This announcement is dated 17 August 2026.
Please refer attachment below.
WTEC Group – Announcement (Proposed Acquisition).pdf
Announcement Info |
|---|
| Company Name | WTEC GROUP BERHAD |
|---|---|
| Stock Name | WTEC |
| Date Announced | 17 Aug 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-17082026-00061 |
