| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | SALES OF HOTEL SUITES AND OFFICE SUITES IN EKOCHERAS DEVELOPMENT BY EKOVEST CAPITAL SDN BHD (FORMERLY KNOWN AS PROMPT CAPITAL SDN BHD) TO RELATED PARTIES |
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Ekovest Berhad wishes to announce that our wholly-owned subsidiary, Ekovest Capital Sdn Bhd (formerly known as Prompt Capital Sdn Bhd) ("EkoCap"), had on 31 March 2015 entered into Sale & Purchase Agreements with the related parties for the sales of hotel suites and office suites in our EkoCheras development ("Sales"). Ekocap is the developer for a mixed development project located in Cheras, Kuala Lumpur known as EkoCheras. EkoCheras is a development on 11.9 acres of land consisting of service apartments, office tower, hotel tower and shopping mall. The Sales comprise of 3 hotel suites and 12 office suites in the EkoCheras development for a total cash consideration of RM17,318,800.00. Kindly refer to the attachment for details on the Sales. |
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| Company Name | EKOVEST BERHAD |
| Stock Name | EKOVEST |
| Date Announced | 1 Apr 2015 |
| Category | General Announcement |
| Reference No | EE-150401-44869 |
Attachments