OTHERS NEXGRAM HOLDINGS BERHAD (NEXGRAM OR THE COMPANY)
|NEXGRAM HOLDINGS BERHAD|
NEXGRAM HOLDINGS BERHAD (NEXGRAM OR THE COMPANY)
RESTATED OFF TAKE AGREEMENT CUM SALE AND PURCHASE AGREEMENT ENTERED INTO BY MYANGKASA BINA SDN BHD (MYANGKASA OR PURCHASER) FOR ITS PURCHASE OF THE ENTIRE DEVELOPMENT PROJECT TO BE UNDERTAKEN BY NEXGRAM DEVELOPMENT SDN BHD (FORMERLY KNOWN AS JUMBOVEST SDN BHD) (NEXGRAM DEVELOPMENT OR DEVELOPER) ON A PARCEL OF FREEHOLD LAND HELD BY NEXTNATION DATACITY SDN BHD (NEXTNATION DATACITY OR THE PROPRIETOR) MEASURING 5.906 ACRES IN CYBERJAYA KNOWN AS “ANGKASA ICON CTITY”)
Further to the Company’s announcement dated 22 December 2014, the Board of Directors of Nexgram is pleased to announce that Nexgram Development and Nextnation Datacity (both wholly-owned subsidiaries of Nexgram), had today entered into a Restated Off Take Agreement cum Sale and Purchase Agreement with MyAngkasa, where the Proprietor and the Developer agree to sell and the Purchaser agrees to purchase the entire development project comprising a mixed commercial development known as “ANGKASA ICON CITY” to be undertaken by the Developer on a freehold land measuring 5.906 acres in Cyberjaya held by the the Proprietor for a total consideration of RM700,278,750 (“Purchase Price”).
The Restated Off Take Agreement cum Sale and Purchase Agreement hereby supersedes the earlier Off Take Agreement cum Sale and Purchase Agreement dated 22 December 2014, the structure of changes on the Developer as below:-
This announcement is dated 24 August 2018.