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IDEAL

1.380

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS IDEAL UNITED BINTANG INTERNATIONAL BERHAD ("IUBI" OR "COMPANY") PROPOSED ACQUISITION PROPOSED DIVERSIFICATION (COLLECTIVELY, THE "PROPOSALS")

IDEAL UNITED BINTANG INTERNATIONAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
IDEAL UNITED BINTANG INTERNATIONAL BERHAD ("IUBI" OR "COMPANY")

	PROPOSED ACQUISITION
	PROPOSED DIVERSIFICATION

(COLLECTIVELY, THE "PROPOSALS")

On behalf of the Board, M&A Securities Sdn Bhd wishes to announce that I Homes Properties Sdn Bhd, a subsidiary of IUBI has on even date, entered into a conditional sale and purchase agreement with 1st Avenue Mall Sdn Bhd for the acquisition of a six-storey shopping mall known as “1st Avenue” for a cash consideration of RM153,000,000.

  

Please refer to the attachment for further details.

 

The announcement is dated 13 September 2019.




Please refer attachment below.



Announcement Info

Company Name IDEAL UNITED BINTANG INTERNATIONAL BERHAD
Stock Name IDEAL
Date Announced 13 Sep 2019
Category General Announcement for PLC
Reference Number GA1-13092019-00046