TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYAN UNITED INDUSTRIES BERHAD ("MUI" OR THE "COMPANY") DISPOSAL OF A LOT OF FREEHOLD LAND TOGETHER WITH 13-STOREY HOTEL BUILDING ERECTED THEREON ("PROPERTY"), BY MING COURT HOTEL (KL) SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF MUI), TO SURIA LAGENDA DEVELOPMENT SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF MAH SING GROUP BERHAD), FOR A TOTAL DISPOSAL CONSIDERATION OF RM260.00 MILLION TO BE SATISFIED ENTIRELY IN CASH ("DISPOSAL")
| MALAYAN UNITED INDUSTRIES BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | MALAYAN UNITED INDUSTRIES BERHAD ("MUI" OR THE "COMPANY")
DISPOSAL OF A LOT OF FREEHOLD LAND TOGETHER WITH 13-STOREY HOTEL BUILDING ERECTED THEREON ("PROPERTY"), BY MING COURT HOTEL (KL) SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF MUI), TO SURIA LAGENDA DEVELOPMENT SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF MAH SING GROUP BERHAD), FOR A TOTAL DISPOSAL CONSIDERATION OF RM260.00 MILLION TO BE SATISFIED ENTIRELY IN CASH ("DISPOSAL") |
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We refer to the announcements dated 7 August 2025 and 29 October 2025 in relation to the Disposal (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of the Board, TA Securities wishes to announce that all the conditions precedent pursuant to the SPA have been fulfilled on 18 November 2025. Accordingly, the SPA has become unconditional on the even date.
This announcement is dated 19 November 2025. |
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Announcement Info
| Company Name | MALAYAN UNITED INDUSTRIES BERHAD |
| Stock Name | MUIIND |
| Date Announced | 19 Nov 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19112025-00049 |