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Singapore's Manhattan Resources Proposed Disposal of Two Vacant Land Parcels in East Kalimantan to Pt Dermaga Perkasapratama - Land.Net News


The Board of Directors (the “Board”) of Manhattan Resources Limited (the “Company”,
together with its subsidiaries, the “Group”) wishes to announce that PT Kariangau Power (the
“Seller” or “PT KP”), an indirect subsidiary of the Company, has on 9December 2021 entered
into a conditional land sale and purchase agreement (“SPA”) with PT Dermaga Perkasapratama
(the “Buyer”) (the Seller together with the Buyer, collectively the “Parties”), pursuant to which
the Seller has agreed to sell, and the Buyer has agreed to purchase, the following vacant land
parcels (such land parcels, collectively the “Land”):
(a) land based on Building Use Right Certificate No. 476 covering an area of 145,156 m2
,
Measurement Letter No. 00016/Kariangau/2011, at Kariangau Village, Balikpapan; and
(b) land based on Building Use Right Certificate No. 477 covering an area of 126,118 m2
,
Measurement Letter No. 00017/Kariangau/2011, at Kariangau Village, Balikpapan,
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