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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "COMPANY") DISPOSAL BY LOYAL DESIGN SDN BHD, MUI MEDIA LTD AND MEGAWISE SDN BHD, THE SUBSIDIARIES OF MUIB, OF THE 612,123,222 ORDINARY SHARES, REPRESENTING 65.90% OF THE ISSUED SHARE CAPITAL OF PAN MALAYSIA HOLDINGS BERHAD FOR A TOTAL DISPOSAL CONSIDERATION OF RM36,727,393.32

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")

DISPOSAL BY LOYAL DESIGN SDN BHD, MUI MEDIA LTD AND MEGAWISE SDN BHD, THE SUBSIDIARIES OF MUIB, OF THE 612,123,222 ORDINARY SHARES, REPRESENTING 65.90% OF THE ISSUED SHARE CAPITAL OF PAN MALAYSIA HOLDINGS BERHAD FOR A TOTAL DISPOSAL CONSIDERATION OF RM36,727,393.32

MUIB wishes to announce that its subsidiaries namely Loyal Design Sdn Bhd (“LDSB”), MUI Media Ltd (“MML”) and Megawise Sdn Bhd (“MSB”) (Collectively referred to as the “Vendors”), had on 7 March 2024 entered into a sale and purchase agreement (“SPA”) with Exsim Hospitality Holdings Sdn Bhd (the “Purchaser” or “EHHSB”)) to dispose of 612,123,222 ordinary shares in Pan Malaysia Holdings Berhad (“PMHB”) (“PMHB Shares”) representing 65.90% of the total issued share capital of PMHB (“Sale Shares”) for a total disposal consideration of RM36,727,393.32 (“Disposal Consideration”) (“Disposal”). Please refer to the attachment for further information.

 

This announcement is dated 7 March 2024. 




Please refer attachment below.



Announcement Info

Company Name MALAYAN UNITED INDUSTRIES BERHAD
Stock Name MUIIND
Date Announced 07 Mar 2024
Category General Announcement for PLC
Reference Number GA1-07032024-00085



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