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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYSIAN BULK CARRIERS BERHAD ("MBC" OR THE "COMPANY") MEMORANDUM OF AGREEMENT FOR DISPOSAL OF A BULK CARRIER, NAMELY ALAM KEKAL

MALAYSIAN BULK CARRIERS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
MALAYSIAN BULK CARRIERS BERHAD ("MBC" OR THE "COMPANY")
MEMORANDUM OF AGREEMENT FOR DISPOSAL OF A BULK CARRIER, NAMELY ALAM KEKAL

Reference is made to the Company’s announcements dated 20 June 2023 and 31 July 2023 together with the Company’s circular to shareholders dated 14 July 2023 in relation to the Proposed Disposal Mandate. 

 

The Board of Directors of the Company wishes to announce that its indirect wholly-owned subsidiary, Kekal Shipping Pte Ltd had on 30 August 2023 entered into a Memorandum of Agreement (“MOA”) with Tokyo Century Corporation for the disposal of Alam Kekal, a bulk carrier, for a cash consideration of JPY4,430,000,000 (equivalent to approximately RM140.062 million).

 

Please refer to the attachment in relation to the MOA for further details.

 

 

This announcement is dated 5 September 2023.




Please refer attachment below.



Announcement Info

Company Name MALAYSIAN BULK CARRIERS BERHAD
Stock Name MAYBULK
Date Announced 05 Sep 2023
Category General Announcement for PLC
Reference Number GA1-05092023-00061



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