TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MATANG BERHAD ("MATANG" OR THE "COMPANY") PROPOSED ACQUISITION BY MATANG AGRICULTURE AND PLANTATION (SEGAMAT) SDN BHD ("MAPS"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF 10 ADJACENT PARCELS OF AGRICULTURAL LAND IN MUKIM OF TANGKAK, DISTRICT OF TANGKAK, JOHOR, FOR A PURCHASE CONSIDERATION OF APPROXIMATELY RM18.20 MILLION TO BE SATISFIED ENTIRELY VIA CASH ("PROPOSED ACQUISITION")
| MATANG BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | MATANG BERHAD ("MATANG" OR THE "COMPANY")
PROPOSED ACQUISITION BY MATANG AGRICULTURE AND PLANTATION (SEGAMAT) SDN BHD ("MAPS"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF 10 ADJACENT PARCELS OF AGRICULTURAL LAND IN MUKIM OF TANGKAK, DISTRICT OF TANGKAK, JOHOR, FOR A PURCHASE CONSIDERATION OF APPROXIMATELY RM18.20 MILLION TO BE SATISFIED ENTIRELY VIA CASH ("PROPOSED ACQUISITION") |
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On behalf of the Board of Directors of Matang ("Board"), UOB Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) ("UOBKH") is pleased to announce that MAPS had on 6 February 2026 entered into two separate sale and purchase agreements ("SPAs") with Ophir Quarry Sdn Bhd ("Ophir Quarry") and Kwong Ming Mean ("Kwong") (collectively, the "Vendors") for the proposed acquisition of 10 adjacent parcels of agricultural land legally identified as Lot Nos. 7506 to 7512, 7522, 7526 & 7527, Mukim of Tangkak, District of Tangkak, Johor ("Subject Lands") for a total purchase consideration of approximately RM18.20 million to be satisfied entirely via cash ("Purchase Consideration").
This announcement is dated 6 February 2026. |
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Please refer attachment below.
Announcement Info
| Company Name | MATANG BERHAD |
| Stock Name | MATANG |
| Date Announced | 06 Feb 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06022026-00054 |