Common Contracts
1 similar Sale and Purchase Agreement (Spa) contracts
KUALA LUMPUR, OCTOBER 8, 2019 – MSM Malaysia Holdings Berhad (MSM), the country’s leading producer of refined sugar, has signed a Sale and Purchase Agreement (SPA) with F&N Agrivalley Sdn Bhd (formerly known as Rimba Perkasa Sdn Bhd) for the disposal...Sale and Purchase Agreement (Spa) • October 8th, 2019
The proceeds from the disposal will be utilised for repayment of bank borrowings and working capital purposes of the MSM and its subsidiaries (the Group). This disposal of the land, which is directly owned by MSM’s wholly owned subsidiary MSM Perlis Sdn Bhd (MSM Perlis), is in line with the Group’s plans to rationalise its assets and to focus on its core businesses. It will also strengthen the Group’s balance sheet as debt will be reduced.
