MAGNA

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MAGNA PRIMA BERHAD COMPANY NO. 199501040315 (369519-P) ("MPB" or "The Company") DISPOSAL OF A FOUR (4) STOREY COMMERCIAL BUILDING WITH A LOWER GROUND COMMERCIAL AREA DESIGNATED FOR SUPERMARKET TOGETHER WITH 345 CAR PARK BAYS BY EVERHALL (M) SDN BHD ("EVERHALL") COMPANY NO. 200701028031 (786053-V), A 100% WHOLLY OWNED SUBSIDIARY OF MAGNA PRIMA BERHAD

MAGNA PRIMA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
MAGNA PRIMA BERHAD COMPANY NO. 199501040315 (369519-P) ("MPB" or "The Company") 


DISPOSAL OF A FOUR (4) STOREY COMMERCIAL BUILDING WITH A LOWER GROUND COMMERCIAL AREA DESIGNATED FOR SUPERMARKET TOGETHER WITH 345 CAR PARK BAYS BY EVERHALL (M) SDN BHD ("EVERHALL") COMPANY NO. 200701028031 (786053-V), A 100% WHOLLY OWNED SUBSIDIARY OF MAGNA PRIMA BERHAD

The Board of Directors of MPB wishes to announce that Everhall, had on 19 April 2021, entered into a Sale and Purchase Agreement ("the Agreement") with Cowboy (KL) Sdn Bhd Company No. 202001023115 (1379435-X) ("the Purchaser"), to dispose a four (4) storey commercial building with a lower ground commercial area designated for supermarket together with 345 car park bays for a total cash consideration of RM56,000,000.00 ("the Disposal").

 

The detailed announcement is attached below.

 

This announcement is dated 19 April 2021.

 




Please refer attachment below.

Attachments

Cowboy annoucement-final.pdf
206.9 kB



Announcement Info

Company Name MAGNA PRIMA BERHAD
Stock Name MAGNA
Date Announced 19 Apr 2021
Category General Announcement for PLC
Reference Number GA1-19042021-00075