TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MAH SING GROUP BERHAD ("MAH SING" OR "COMPANY") PROPOSED ACQUISITION BY MS LAKECITY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAH SING OF APPROXIMATELY 6.938 ACRES OF FREEHOLD LAND IN MUKIM TEBRAU, DAERAH JOHOR BAHRU, NEGERI JOHOR WITH AN ESTIMATED GROSS DEVELOPMENT VALUE OF RM469 MILLION, FOR A TOTAL PURCHASE CONSIDERATION OF RM39,288,506 ("PROPOSED ACQUISITION")
| MAH SING GROUP BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | MAH SING GROUP BERHAD ("MAH SING" OR "COMPANY")
PROPOSED ACQUISITION BY MS LAKECITY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAH SING OF APPROXIMATELY 6.938 ACRES OF FREEHOLD LAND IN MUKIM TEBRAU, DAERAH JOHOR BAHRU, NEGERI JOHOR WITH AN ESTIMATED GROSS DEVELOPMENT VALUE OF RM469 MILLION, FOR A TOTAL PURCHASE CONSIDERATION OF RM39,288,506 ("PROPOSED ACQUISITION") |
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(Unless otherwise defined in this announcement, the terms used throughout this announcement shall have the same meaning as defined in the announcement dated 28 June 2022 in relation to the Proposed Acquisition.)
The Company wishes to announce that MS Lakecity had on 31 October 2022 received notification from its solicitors confirming that the Conditions Precedent of the SPA have been fulfilled. Accordingly, the SPA for the Proposed Acquisition has now become unconditional.
This announcement is dated 31 October 2022. |
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Announcement Info
| Company Name | MAH SING GROUP BERHAD |
| Stock Name | MAHSING |
| Date Announced | 31 Oct 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-31102022-00077 |