Offer Letter for Sale of Menara CMY Office Building between PGCG Assets Holdings Sdn Bhd and CMY Assets Sdn Bhd

Contract Categories: Business Finance › Purchase Agreements
Summary

PGCG Assets Holdings Sdn Bhd is offering to sell the Menara CMY office building in Kuala Lumpur to CMY Assets Sdn Bhd for RM81,500,000. The buyer must pay a 2% earnest deposit upon accepting the offer, 8% upon signing the Sale and Purchase Agreement within 30 days, and the remaining 90% within six months of signing. The offer is valid for 14 days from June 22, 2012, expiring at 5:00 pm on July 5, 2012. The buyer must provide legal contact details to proceed with the transaction.

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EX-10.1 2 primeglobal_8kex10-1.htm OFFER LETTER primeglobal_8kex10-1.htm
Exhibit 10.1
 
PGCG ASSETS HOLDINGS SDN BHD
No. 11-12, Jalan 26/70A, Desa Hartamas, 50480 Kuala Lumpur
 
 
Date:  22 June 2012
 
CMY Assets Sdn Bhd
79 Jalan Bangkung
Bukit Bandaraya
59100 Kuala Lumpur
 
Dear Sir
 
PROPERTY KNOWN AS GERAN 10010, LOT 238, SECTION 43, TOWN AND DISTRICT OF KUALA LUMPUR, W.P. KUALA LUMPUR
MENARA CMY, NO. 160 JALAN AMPANG, KUALA LUMPUR
FIFTEEN (15) STORY PURPOSE-BUILT OFFICE BUILDING WITH AN ANNEXED TWO STOREY PODIUM BLOCK AND A BASEMENT LEVEL CAR PARK
 
a)  Purchase Price
:
Ringglt Malaysia Eighty One Million and Five Hundred Thousand (RM81,500,000-00) Only
b)  Terms of Payment
:
i)
2% Earnest Deposit upon confirmation of Acceptance of the offer to purchase
   
ii)
8% of the Purchase Price to be paid upon signing of the Sale and Purchase Agreement, within thirty (30) days from the date of confirmation of Acceptance of the offer to purchase.
       
See note below
:
ii)
The balance of 90% of the Purchase Price shall be paid within six (6) months (5+1) from the date of the Sale & Purchase Agreement.
 
This Option to purchase the above property is valid for a period of fourteen (14) days from the date hereof, i.e. expires at 5:00 pm on Thursday, 5th July 2012.
 
Upon confirmation of the offer, kindly provide the Legal Firm's contact to prepare the Sale & Purchase Agreement to proceed with the transaction.
 
Thank you.