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Circular/Notice to Shareholders

MALAYSIAN BULK CARRIERS BERHAD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED ACQUISITION OF A PARCEL OF FREEHOLD LAND MEASURING APPROXIMATELY 23.48 HECTARES LOCATED IN MUKIM KAPAR, DAERAH KLANG, NEGERI SELANGOR ("LAND") BY MBC LOGISTIC HUB SDN BHD (FORMERLY KNOWN AS MBC RETAIL SDN BHD), A SUBSIDIARY OF MBC, FROM KAPAR LAND SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM165 MILLION ("PROPOSED ACQUISITION"); (II) PROPOSED JOINT VENTURE BETWEEN MBC AND GOLDEN VALLEY VENTURES SDN BHD TO JOINTLY ACQUIRE AND DEVELOP THE LAND ("PROPOSED JOINT VENTURE"); AND (III) PROPOSED DIVERSIFICATION OF THE EXISTING PRINCIPAL ACTIVITIES OF MBC AND ITS SUBSIDIARIES TO INCLUDE INDUSTRIAL PROPERTY DEVELOPMENT AND INVESTMENT ("PROPOSED DIVERSIFICATION") (COLLECTIVELY, THE "PROPOSALS")


Please refer attachment below.



Announcement Info

Company Name MALAYSIAN BULK CARRIERS BERHAD
Stock Name MAYBULK
Date Announced 09 Nov 2023
Category Document Submission
Reference Number DCS-09112023-00008



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