MELEWAR

0.495

-0.005 (-1%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MELEWAR INDUSTRIAL GROUP BERHAD ("MIGB" OR "COMPANY") PROPOSED DISPOSAL OF PROPERTY BEARING POSTAL ADDRESS LOT 16, JALAN PENGAPIT 15/19, SEKSYEN 15, 40200 SHAH ALAM, SELANGOR DARUL EHSAN ("THE PROPERTY") TO RHB TRUSTEES BERHAD AS TRUSTEE FOR AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") FOR A TOTAL DISPOSAL CONSIDERATION OF RM11.87 MILLION ("PROPOSED DISPOSAL").

MELEWAR INDUSTRIAL GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
MELEWAR INDUSTRIAL GROUP BERHAD ("MIGB" OR "COMPANY")

PROPOSED DISPOSAL OF PROPERTY BEARING POSTAL ADDRESS LOT 16, JALAN PENGAPIT 15/19, SEKSYEN 15, 40200 SHAH ALAM, SELANGOR DARUL EHSAN ("THE PROPERTY") TO RHB TRUSTEES BERHAD AS TRUSTEE FOR AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") FOR A TOTAL DISPOSAL CONSIDERATION OF RM11.87 MILLION ("PROPOSED DISPOSAL").

Reference is made to the Company's announcement dated 3 September 2020 in relation to the Proposed Disposal ("Announcement"). Unless otherwise stated, abbreviations and definitions used throughout this announcement shall have the same meaning as those previously defined in the Announcement.

The Board of Directors of MIGB wishes to announce that the Proposed Disposal of the Property to Axis-REIT has been completed on 3 December 2020 in accordance with the terms and conditions of the Sale and Purchase Agreement dated 3 September 2020.

 

This announcement is dated 3 December 2020.






Announcement Info

Company Name MELEWAR INDUSTRIAL GROUP BERHAD
Stock Name MELEWAR
Date Announced 03 Dec 2020
Category General Announcement for PLC
Reference Number GA1-30112020-00050