TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MAH SING GROUP BERHAD ("MAH SING" OR "COMPANY") PROPOSED ACQUISITION BY KLASSIK TROPIKA DEVELOPMENT SDN BHD (NOW KNOWN AS M ARIA SDN BHD), A WHOLLY-OWNED SUBSIDIARY OF MAH SING, OF 2.78 ACRES FREEHOLD LAND IN SENTUL, MUKIM SETAPAK, DAERAH KUALA LUMPUR, NEGERI WILAYAH PERSEKUTUAN KUALA LUMPUR, WITH AN ESTIMATED GROSS DEVELOPMENT VALUE OF APPROXIMATELY RM283 MILLION, FOR A TOTAL PURCHASE CONSIDERATION OF RM32,000,000 ("PROPOSED ACQUISITION")
| MAH SING GROUP BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | MAH SING GROUP BERHAD ("MAH SING" OR "COMPANY")
PROPOSED ACQUISITION BY KLASSIK TROPIKA DEVELOPMENT SDN BHD (NOW KNOWN AS M ARIA SDN BHD), A WHOLLY-OWNED SUBSIDIARY OF MAH SING, OF 2.78 ACRES FREEHOLD LAND IN SENTUL, MUKIM SETAPAK, DAERAH KUALA LUMPUR, NEGERI WILAYAH PERSEKUTUAN KUALA LUMPUR, WITH AN ESTIMATED GROSS DEVELOPMENT VALUE OF APPROXIMATELY RM283 MILLION, FOR A TOTAL PURCHASE CONSIDERATION OF RM32,000,000 ("PROPOSED ACQUISITION") |
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Unless otherwise defined in this announcement, the terms used throughout this announcement shall have the same meaning as defined in the announcements dated 21 January 2025 and 21 July 2025 in relation to the Proposed Acquisition.
The Company wishes to announce that the Purchaser had on 28 July 2025 received notification from its solicitors confirming that the Conditions Precedent of the SPA have been fulfilled. Accordingly, the SPA for the Proposed Acquisition has now become unconditional.
This announcement is dated 28 July 2025. |
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Announcement Info
| Company Name | MAH SING GROUP BERHAD |
| Stock Name | MAHSING |
| Date Announced | 28 Jul 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28072025-00064 |