TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "COMPANY") DISPOSAL BY ORIENTAL OMEGA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MUIB, OF 33,500,000 ORDINARY SHARES IN PAN MALAYSIA CORPORATION BERHAD REPRESENTING 4.34% OF THE TOTAL ISSUED SHARE CAPITAL OF PAN MALAYSIA CORPORATION BERHAD TO FORTRESS OPPORTUNISTIC GROWTH FUND AND FORTRESS CAPITAL ASSET MANAGEMENT (M) SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM6,030,000.
| MALAYAN UNITED INDUSTRIES BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | MALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "COMPANY")
DISPOSAL BY ORIENTAL OMEGA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MUIB, OF 33,500,000 ORDINARY SHARES IN PAN MALAYSIA CORPORATION BERHAD REPRESENTING 4.34% OF THE TOTAL ISSUED SHARE CAPITAL OF PAN MALAYSIA CORPORATION BERHAD TO FORTRESS OPPORTUNISTIC GROWTH FUND AND FORTRESS CAPITAL ASSET MANAGEMENT (M) SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM6,030,000. |
|
MUIB wishes to announce that Oriental Omega Sdn Bhd (“OOSB” or the “Vendor”), a wholly-owned subsidiary of MUIB, had on 27 February 2023 disposed its 33,500,000 ordinary shares in Pan Malaysia Corporation Berhad (“PMC”) representing 4.34% of the total issued share capital of PMC (“Sale Shares”) to Fortress Opportunistic Growth Fund (“FOGF”) and Fortress Capital Asset Management (M) Sdn Bhd (“FCAM”) (collectively referred to as the “Purchasers”) for a total cash consideration of RM6,030,000 (“Disposal Consideration”) (“Disposal”).
Please refer to the attachment for further information.
This announcement is dated 28 February 2023.
|
|
Please refer attachment below.
Announcement Info
| Company Name | MALAYAN UNITED INDUSTRIES BERHAD |
| Stock Name | MUIIND |
| Date Announced | 28 Feb 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28022023-00012 |