Disposal by MMAG Digital Sdn. Bhd., a wholly owned sub-subsidiary of MMAG Holdings Berhad, of a piece of land together with buildings erected thereon located at Shah Alam, Selangor Darul Ehsan for a total cash consideration of RM20.20 million ("Proposed Disposal")
| MMAG HOLDINGS BERHAD |
| Type | Reply to Query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-06072022-00001 |
| Subject | Disposal by MMAG Digital Sdn. Bhd., a wholly owned sub-subsidiary of MMAG Holdings Berhad, of a piece of land together with buildings erected thereon located at Shah Alam, Selangor Darul Ehsan for a total cash consideration of RM20.20 million ("Proposed Disposal") |
| Description | Reply to Query |
| Query Letter Contents | We refer to your Company’s announcement dated 5 July 2022, in respect of the aforesaid matter.
1. The name of the independent registered valuer. 2. Whether the Proposed Disposal is subject to approval of the relevant government authorities; and if so, the estimated time frame for submission of the application to such authorities. 3. The time and place where the valuation report may be inspected. 4. The loss of rental income and its impact to the financial of the Company.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Yours faithfully, LISTING REGULATION
copy : Market Surveillance Dept. , Securities Commission (via fax) |
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Please refer to the attachment for the Company's reply to the query letter from Bursa Malaysia Securities Berhad dated 6 July 2022 in relation to the Company's announcement made on 5 July 2022 on the Disposal by MMAG Digital Sdn. Bhd., a wholly owned sub-subsidiary of MMAG Holdings Berhad, of a piece of land together with buildings erected thereon located at Shah Alam, Selangor Darul Ehsan for a total cash consideration of RM20.20 million.
This announcement is dated 7 July 2022. |
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Please refer attachment below.
Announcement Info
| Company Name | MMAG HOLDINGS BERHAD |
| Stock Name | MMAG |
| Date Announced | 07 Jul 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-07072022-00027 |