5E Resources Receives State Consent for Acquisition of Industrial Land in Malaysia

MT Newswires

2024/09/25

5E Resources (SGX:NLC) received a letter of state authority consent for the transfer of industrial land in Malaysia, according to a filing with the Singapore Exchange on Tuesday.

On June 20, the waste management services provider's Malaysia subsidiary entered into a sale and purchase agreement with Kumpulan Kenderaan Malaysia to acquire leasehold industrial land at PLO 321 for 13.0 million ringgit.

Following receipt of state consent, the agreement has become unconditional, and the company will pay a balance of around 11.7 million ringgit within three months from the completion date.

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