TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MAH SING GROUP BERHAD ("MAH SING" OR "COMPANY") PROPOSED ACQUISITION BY SURIA LAGENDA DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAH SING, OF 1.485 ACRES OF PRIME FREEHOLD CORUS HOTEL SITE ALONG JALAN AMPANG, KUALA LUMPUR, WITHIN WALKING DISTANCE FROM PETRONAS TWIN TOWERS AND SURIA KLCC, WITH AN ESTIMATED GROSS DEVELOPMENT VALUE OF APPROXIMATELY RM1.28 BILLION FOR A TOTAL PURCHASE CONSIDERATION OF RM260,000,000 ("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 SURIA LAGENDA DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAH SING, OF 1.485 ACRES OF PRIME FREEHOLD CORUS HOTEL SITE ALONG JALAN AMPANG, KUALA LUMPUR, WITHIN WALKING DISTANCE FROM PETRONAS TWIN TOWERS AND SURIA KLCC, WITH AN ESTIMATED GROSS DEVELOPMENT VALUE OF APPROXIMATELY RM1.28 BILLION FOR A TOTAL PURCHASE CONSIDERATION OF RM260,000,000 ("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 announcement dated 7 August 2025 in relation to the Proposed Acquisition.)
The Company wishes to announce that the Purchaser received notification from its solicitors on 18 November 2025 confirming that the Conditions Precedent of the SPA have been fulfilled.
Accordingly, the SPA for the Proposed Acquisition became unconditional on 18 November 2025.
This announcement is dated 19 November 2025. |
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Announcement Info
| Company Name | MAH SING GROUP BERHAD |
| Stock Name | MAHSING |
| Date Announced | 19 Nov 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19112025-00021 |