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23-10-2017

Type Announcement
Subject OTHERS
Description

TITIJAYA LAND BERHAD ("TITIJAYA" OR "COMPANY") Temporary occupation of land held under PT 2562 Sek 13, HSD 298847, Mukim Bandar Shah Alam, Daerah Petaling, Negeri Selangor owned by Shah Alam City Centre Sdn. Bhd., a wholly-owned subsidiary of the Company

The Board of Directors of the Company wishes to inform that Shah Alam City Centre Sdn Bhd (“SACC”), a wholly-owned subsidiary of the Company, had on 11 October 2017 received a Notice pursuant to the Land Acquisition Act, 1960 from the Petaling Land Administrator on the compensation of temporary occupation / usage of land for the purpose of “Projek Transit Aliran Ringan Laluan 3 (LRT) dari Bandar Utama ke Johan Setia, Klang, Daerah Petaling, Selangor Darul Ehsan”.

Details of the affected land and compensation are as follows:

No. Lot

Land size

Registered Owner

Compensation (RM)

PT 2562, Sek 13, HSD 298847, Mukim Bandar Shah Alam, Daerah Petaling, Negeri Selangor

65,216 square meter

 

Shah Alam City Centre Sdn Bhd

 

 

 

 

*Note: Payment of rental every 6 months for a period of 3 years starting from 1 November 2017. Payment has to be made at the beginning of every first month.

7,946,637.60

(Rental*)

16,420,894.00

(Preliminary Costs)

1,149,463.00

(Holding costs)

39,733,188

(Subsequent Rental*)

Total

65,250,182.60

This announcement is dated 23 October 2017.




Announcement Info

Company Name TITIJAYA LAND BERHAD
Stock Name TITIJYA
Date Announced 23 Oct 2017
Category General Announcement for PLC
Reference Number GA1-23102017-00069