The businesses of the Group were not materially affected by any seasonal or cyclical fluctuations during the financial quarter under review. Notes to the Interim Report 4. Items of unusual nature, size or incidence (a) The Company had on 5 August 2015 entered into a Sale and Purchase Agreement with Cardiac Vascular Sentral Lumpur) Sdn Bhd for the sale of Sooka Sentral for a total consideration of RM90.8 million. Sooka Sentral consists of a five-storey commercial building and one level of car park on a 5,662 square meter piece of land. The disposal was completed on 23 May 2016 and generated a gain of RM41.6 million. (b) On 28 2016, the Company’s wholly owned subsidiary, Gapurna Land Sdn Bhd entered into a sale and purchase agreement (“SPA”) with Kejora Kinta Sdn Bhd for the proposed acquisition of the following adjoining parcels of land for a total cash consideration of RM6,900,000, upon the terms and conditions as set out in the SPA:- Geran No. 37570, Lot 36 Seksyen 98, Bandar Kuala Lumpur, Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur measuring 9,665 square feet (“sq. ft.”); and Geran No. 37571, Lot 37 Seksyen 98, Bandar Kuala Lumpur, Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur measuring 10,576 sq. ft., The above acquisition was completed on 28 June 2016.
The businesses of the Group were not materially affected by any seasonal or cyclical fluctuations during the financial quarter under review. Notes to the Interim Report 4. Items of unusual nature, size or incidence (a) The Company had on 5 August 2015 entered into a Sale and Purchase Agreement with Cardiac Vascular Sentral Lumpur) Sdn Bhd for the sale of Sooka Sentral for a total consideration of RM90.8 million. Sooka Sentral consists of a five-storey commercial building and one level of car park on a 5,662 square meter piece of land. The disposal was completed on 23 May 2016 and generated a gain of RM41.6 million. (b) On 28 2016, the Company’s wholly owned subsidiary, Gapurna Land Sdn Bhd entered into a sale and purchase agreement (“SPA”) with Kejora Kinta Sdn Bhd for the proposed acquisition of the following adjoining parcels of land for a total cash consideration of RM6,900,000, upon the terms and conditions as set out in the SPA:- Geran No. 37570, Lot 36 Seksyen 98, Bandar Kuala Lumpur, Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur measuring 9,665 square feet (“sq. ft.”); and Geran No. 37571, Lot 37 Seksyen 98, Bandar Kuala Lumpur, Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur measuring 10,576 sq. ft., The above acquisition was completed on 28 June 2016.
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