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 |
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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. |
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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 |