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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "COMPANY") PROPOSED DISPOSAL BY LVH HOSPITALITY MANAGEMENT LIMITED, A WHOLLY-OWNED SUBSIDIARY OF LONDON VISTA HOTEL LIMITED, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MUI MEDIA LTD AND WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MUIB, OF THE ENTIRE SHARE CAPITAL OF FLAMEPRO LIMITED FOR A TOTAL DISPOSAL CONSIDERATION OF GBP1,750,000

MALAYAN UNITED INDUSTRIES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
MALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "COMPANY")
PROPOSED DISPOSAL BY LVH HOSPITALITY MANAGEMENT LIMITED, A WHOLLY-OWNED SUBSIDIARY OF LONDON VISTA HOTEL LIMITED, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MUI MEDIA LTD AND WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MUIB, OF THE ENTIRE SHARE CAPITAL OF FLAMEPRO LIMITED FOR A TOTAL DISPOSAL CONSIDERATION OF GBP1,750,000

MUIB wishes to announce that LVH Hospitality Management Limited, a wholly-owned subsidiary of London Vista Hotel Limited, which in turn is a wholly-owned subsidiary of MUI Media Ltd and which in turn is a wholly-owned subsidiary of MUIB, had on 26 June 2023 entered into a share purchase agreement with Cesuco Trading Limited for the disposal of 1,000 ordinary shares representing the entire issued share capital of Flamepro Limited for a total disposal consideration of GBP1,750,000. Please refer to the attachment for further information.

 

This announcement is dated 26 June 2023.




Please refer attachment below.



Announcement Info

Company Name MALAYAN UNITED INDUSTRIES BERHAD
Stock Name MUIIND
Date Announced 26 Jun 2023
Category General Announcement for PLC
Reference Number GA1-26062023-00076



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