HELP INTERNATIONAL CORPORATION BERHAD ("HIC" or "the Company") - PROPOSED ACQUISITION OF LANDS MEASURING APPROXIMATELY 1,014,512.40 SQUARE FEET (23.29 ACRES) LOCATED IN THE MUKIM OF SUNGAI BULOH, DISTRICT OF PETALING, STATE OF SELANGOR BY HELP UNIVERSITY COLLEGE SDN BHD (“HUC” OR THE “PURCHASER”), A WHOLLY-OWNED SUBSIDIARY OF HIC FROM JUTA PERMAI (M) SDN BHD (“JPSB” OR THE “VENDOR”) FOR A TOTAL CASH CONSIDERATION OF RM20,290,248/- (“PROPOSED ACQUISITION”)
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We refer to the announcements dated 14 March 2008, 19 March 2008 and 29 May 2008 on the Proposed Acquisition.
The Board of Directors of HIC is pleased to announce that the Sale and Purchase Agreement in respect of the Proposed Acquisition has been duly completed on 17 June 2010.
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