TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MAGMA GROUP BERHAD ("MAGMA" OR THE"COMPANY") PROPOSED DISPOSAL OF THE ENTIRE 20% EQUITY INTEREST IN HERITAGE LANE SDN BHD BY ASTAKA MEKAR SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAGMA, TO HARUM ASPIRASI SDN BHD FOR RM 63.00 MILLION TO BE FULLY SETTLED IN CASH ("PROPOSED DISPOSAL")
| MAGMA GROUP BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | MAGMA GROUP BERHAD ("MAGMA" OR THE"COMPANY")
PROPOSED DISPOSAL OF THE ENTIRE 20% EQUITY INTEREST IN HERITAGE LANE SDN BHD BY ASTAKA MEKAR SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAGMA, TO HARUM ASPIRASI SDN BHD FOR RM 63.00 MILLION TO BE FULLY SETTLED IN CASH ("PROPOSED DISPOSAL") |
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On behalf of the Board of Directors of Magma ("Board"), Kenanga Investment Bank Berhad wishes to announce that the Company proposes to undertake the Proposed Disposal.
Please refer to the attachment for further details on the Proposed Disposal.
This announcement is dated 10 October 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | MAGMA GROUP BERHAD |
| Stock Name | MAGMA |
| Date Announced | 10 Oct 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10102025-00079 |