TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MAH SING GROUP BERHAD ("MAH SING" OR "COMPANY") PROPOSED ACQUISITION BY ENCHANTING VIEW DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAH SING, OF 2.83 ACRES LEASEHOLD LAND IN BANDAR GEORGE TOWN, DAERAH TIMOR LAUT, NEGERI PULAU PINANG, WITH AN ESTIMATED GROSS DEVELOPMENT VALUE OF APPROXIMATELY RM528 MILLION, FOR A TOTAL PURCHASE CONSIDERATION OF RM51,804,322.42 ("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 ENCHANTING VIEW DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAH SING, OF 2.83 ACRES LEASEHOLD LAND IN BANDAR GEORGE TOWN, DAERAH TIMOR LAUT, NEGERI PULAU PINANG, WITH AN ESTIMATED GROSS DEVELOPMENT VALUE OF APPROXIMATELY RM528 MILLION, FOR A TOTAL PURCHASE CONSIDERATION OF RM51,804,322.42 ("PROPOSED ACQUISITION") |
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The Board of Directors (“Board”) of Mah Sing wishes to announce that on 10 November 2025, Enchanting View Development Sdn Bhd (“Purchaser”), a wholly-owned subsidiary of Mah Sing, had entered into a sale and purchase agreement (“SPA”) with Penang Development Corporation (“PDC” or “Vendor”) for the proposed acquisition of 2.83 acres of leasehold land in Bandar George Town, Daerah Timor Laut, Negeri Pulau Pinang (“Land”) for a total purchase consideration of RM51,804,322.42 (“Purchase Consideration”).
Please refer to the attachment for further details of the Proposed Acquisition.
This announcement is dated 10 November 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | MAH SING GROUP BERHAD |
| Stock Name | MAHSING |
| Date Announced | 10 Nov 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10112025-00008 |