PROPOSED ACQUISITION BY MELEWAR STEEL TUBE SDN BHD ("MST" OR THE "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF MYCRON STEEL BERHAD ("MYCRON" OR THE "COMPANY"), WHICH IN TURN IS A 74.13%-OWNED SUBSIDIARY OF MELEWAR INDUSTRIAL GROUP BERHAD ("MIGB" OR THE "VENDOR"), OF A PARCEL OF LEASEHOLD INDUSTRIAL LAND HELD UNDER PN 121387, LOT 10461 TOGETHER WITH THE BUILDINGS ERECTED THEREON, LOCATED IN SEKSYEN 15, TOWN OF SHAH ALAM, DISTRICT OF PETALING, STATE OF SELANGOR, FROM MIGB FOR A CASH CONSIDERATION OF RM30.00 MILLION ("PROPOSED ACQUISITION")