TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYAN UNITED INDUSTRIES BERHAD ("MUI" OR "COMPANY") PROPOSED DISPOSAL BY CORUS HOTELS LIMITED, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF MUI, OF THE LAND AT FERRYMUIRGAIT, SOUTH QUEENSFERRY, EDINBURGH EH30 9SF FOR A TOTAL DISPOSAL CONSIDERATION OF £7,200,000 (EQUIVALENT TO RM38.8 MILLION BASED ON AN EXCHANGE RATE OF 5.392)
| MALAYAN UNITED INDUSTRIES BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | MALAYAN UNITED INDUSTRIES BERHAD ("MUI" OR "COMPANY")
PROPOSED DISPOSAL BY CORUS HOTELS LIMITED, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF MUI, OF THE LAND AT FERRYMUIRGAIT, SOUTH QUEENSFERRY, EDINBURGH EH30 9SF FOR A TOTAL DISPOSAL CONSIDERATION OF £7,200,000 (EQUIVALENT TO RM38.8 MILLION BASED ON AN EXCHANGE RATE OF 5.392) |
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Unless otherwise stated, the definitions used in this announcement shall carry the same meanings as defined in the announcements dated 24 December 2019 and 27 December 2019.
Further to our announcement dated 27 December 2019 pertaining to item 6, MUI wishes to clarify that:
(i) there are no liabilities, including contingent liabilities, in relation to the Proposed Disposal which remain with the Vendor and/or The MUI Group; and
(ii) there are no guarantees given by the Vendor and/or The MUI Group to the Purchaser.
This announcement is dated 3 January 2020. |
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Announcement Info
| Company Name | MALAYAN UNITED INDUSTRIES BERHAD |
| Stock Name | MUIIND |
| Date Announced | 03 Jan 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03012020-00041 |