TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYAN UNITED INDUSTRIES BERHAD ("MUI" OR THE "COMPANY") PROPOSED DISPOSAL OF A LOT OF FREEHOLD LAND TOGETHER WITH 13-STOREY HOTEL BUILDING ERECTED THEREON ("PROPERTY") BY MING COURT HOTEL (KL) SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF MUI) TO SURIA LAGENDA DEVELOPMENT SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF MAH SING GROUP BERHAD) FOR A TOTAL DISPOSAL CONSIDERATION OF RM260.00 MILLION TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED DISPOSAL")
| MALAYAN UNITED INDUSTRIES BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | MALAYAN UNITED INDUSTRIES BERHAD ("MUI" OR THE "COMPANY")
PROPOSED DISPOSAL OF A LOT OF FREEHOLD LAND TOGETHER WITH 13-STOREY HOTEL BUILDING ERECTED THEREON ("PROPERTY") BY MING COURT HOTEL (KL) SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF MUI) TO SURIA LAGENDA DEVELOPMENT SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF MAH SING GROUP BERHAD) FOR A TOTAL DISPOSAL CONSIDERATION OF RM260.00 MILLION TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED DISPOSAL") |
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On behalf of the Board of Directors of MUI, TA Securities Holdings Berhad wishes to announce that Ming Court Hotel (KL) Sdn Bhd (a wholly-owned subsidiary of MUI) had on 7 August 2025 entered into a conditional sale and purchase agreement with Suria Lagenda Development Sdn Bhd (a wholly-owned subsidiary of Mah Sing Group Berhad) for the disposal of the Property for a total cash consideration of RM260.00 million.
Please refer to the attachment below for further details of the Proposed Disposal.
This announcement is dated 7 August 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | MALAYAN UNITED INDUSTRIES BERHAD |
| Stock Name | MUIIND |
| Date Announced | 07 Aug 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-07082025-00014 |