Link: https://links.sgx.com/1.0.0/corporate-announcements/L3EWBS791YQB8HKM/2ec5952fbebd6e44120f9731bc654585e26aa1075cc2d18a80de09e5fbebd387

Summary:

• Avarga Limited (formerly UPP Holdings Limited) has completed the sale of its industrial land and buildings used for paper manufacturing.

• All conditions of the Sale and Purchase Agreement 2 (SPA2) were fulfilled and the transaction was completed on 5 August 2025.

• Total purchase price: RM90,000,000.

  • Earnest deposit paid: RM1,800,000.

  • Retention sum and balance deposit upon SPA2 execution: RM7,200,000.

  • Balance purchase price paid on completion: RM81,000,000.

• The sale of associated agriculture land (SPA1) is still in progress.

• Further announcements will follow as developments occur.