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, 29 October 2025 and 19 November 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 the Disposal has been completed on 2 March 2026, following the receipt of the remaining balance of the disposal consideration in accordance with the terms and conditions of the SPA.
This announcement is dated 3 March 2026. |
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Announcement Info
| Company Name | MALAYAN UNITED INDUSTRIES BERHAD |
| Stock Name | MUIIND |
| Date Announced | 03 Mar 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03032026-00028 |