MUIIND

0.095

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "THE COMPANY") PROPOSED DISPOSAL BY MJ PROPERTIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF METROJAYA BERHAD, WHICH IN TURN IS AN INDIRECT 98.21%-OWNED SUBSIDIARY OF MUIB, OF A FREEHOLD RETAIL SPACE KNOWN AS LOT 3A-B, G-M01, BASEMENT AND GROUND FLOOR OF KOMPLEKS BUKIT JAMBUL, JALAN RUMBIA, BAYAN LEPAS, 11900 PENANG FOR A DISPOSAL PRICE OF RM25,500,000

MALAYAN UNITED INDUSTRIES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
MALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "THE COMPANY")
PROPOSED DISPOSAL BY MJ PROPERTIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF METROJAYA BERHAD, WHICH IN TURN IS AN INDIRECT 98.21%-OWNED SUBSIDIARY OF MUIB, OF A FREEHOLD RETAIL SPACE KNOWN AS LOT 3A-B, G-M01, BASEMENT AND GROUND FLOOR OF KOMPLEKS BUKIT JAMBUL, JALAN RUMBIA, BAYAN LEPAS, 11900 PENANG FOR A DISPOSAL PRICE OF RM25,500,000

The Company wishes to announce that its indirect 98.21%-owned subsidiary, MJ Properties Sdn Bhd (the “Vendor”), had on 30 June 2020 entered into a sale and purchase agreement (“SPA”) with Iman Ikhlas (M) Sdn Bhd (the “Purchaser”) to dispose of a freehold retail space known as Lot 3A-B, G-M01, Basement and Ground Floor of Kompleks Bukit Jambul, Jalan Rumbia, Bayan Lepas, 11900 Penang, with a lettable floor area of approximately 145,843 square feet (“Property”) for a disposal price of RM25,500,000 (“Disposal Price”) (“Proposed Disposal”). Please refer to the attachment for further information.

 

This announcement is dated 30 June 2020.




Please refer attachment below.



Announcement Info

Company Name MALAYAN UNITED INDUSTRIES BERHAD
Stock Name MUIIND
Date Announced 30 Jun 2020
Category General Announcement for PLC
Reference Number GA1-30062020-00153