MFLOUR

0.660

-0.005 (-0.8%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYAN FLOUR MILLS BERHAD ("MFM" OR "COMPANY") PROPOSED STRATEGIC PARTNERSHIP WITH TYSON INTERNATIONAL HOLDING COMPANY ("TYSON" OR "BUYER") IN CONJUNCTION WITH THE PROPOSED DISPOSAL OF 49% EQUITY INTEREST IN DINDINGS SUPREME SDN BHD ("DSSB"), A WHOLLY-OWNED SUBSIDIARY OF MFM, TO TYSON FOR A DISPOSAL CONSIDERATION OF UP TO RM420,000,000 TO BE SATISFIED WHOLLY BY CASH ("PROPOSED STRATEGIC PARTNERSHIP")

MALAYAN FLOUR MILLS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
MALAYAN FLOUR MILLS BERHAD ("MFM" OR "COMPANY")

PROPOSED STRATEGIC PARTNERSHIP WITH TYSON INTERNATIONAL HOLDING COMPANY ("TYSON" OR "BUYER") IN CONJUNCTION WITH THE PROPOSED DISPOSAL OF 49% EQUITY INTEREST IN DINDINGS SUPREME SDN BHD ("DSSB"), A WHOLLY-OWNED SUBSIDIARY OF MFM, TO TYSON FOR A DISPOSAL CONSIDERATION OF UP TO RM420,000,000 TO BE SATISFIED WHOLLY BY CASH ("PROPOSED STRATEGIC PARTNERSHIP")

On behalf of the Board of Directors of Malayan Flour Mills Berhad (“Board”), Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that the Company had on 10 February 2021 entered into a conditional share purchase agreement (“SPA”) with Tyson for the proposed disposal of 49% equity interest in DSSB, a wholly-owned subsidiary of MFM, to Tyson for a total disposal consideration of up to RM420,000,000 (“Disposal Consideration”) to be satisfied wholly by cash, in conjunction with the proposed strategic partnership with Tyson (“Proposed Strategic Partnership”). 

 

Please refer to the attached file for further details on the Proposed Strategic Partnership.

 

This announcement is dated 10 February 2021.




Please refer attachment below.



Announcement Info

Company Name MALAYAN FLOUR MILLS BERHAD
Stock Name MFLOUR
Date Announced 10 Feb 2021
Category General Announcement for PLC
Reference Number GA1-10022021-00163