MATANG

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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")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Proposed Acquisition.

 

We refer to the earlier announcement dated 6 February 2026 in relation to the Proposed Acquisition.

 

On behalf of the Board, UOBKH wishes to announce that all the terms and conditions under the SPA have been fulfilled, and with the full settlement of the purchase consideration in accordance with the terms of the SPA, the completion of the Proposed Acquisition has taken place on 14 April 2026.

 

 

This announcement is dated 15 April 2026.



Announcement Info

Company Name MATANG BERHAD
Stock Name MATANG
Date Announced 15 Apr 2026
Category General Announcement for PLC
Reference Number GA1-15042026-00051


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