Reference is made to the Company's earlier announcement dated 3 June 2026 and unless otherwise stated, all abbreviations and definitions used throughout this announcement shall bear the same meaning as those defined in the aforesaid announcement.
The Board of Directors of MCE HOLDING BERHAD ("MCE" or "the Company") ("the Board') wishes to announce the following additional information in relation to the Company's announcement dated 3 June 2026 pertaining to the acquisition of property by Eagle MCE Technologies (Malaysia) Sdn. Bhd., an indirect 51%-owned subsidiary of MCE Holdings Berhad.
Basis and justification for the Purchase Consideration
The Purchase Consideration was arrived at after arm's length negotiations between the Purchaser and the Developer on a willing-buyer, willing-seller basis. In determining the Purchase Consideration, both parties considered, among others, the location, size, tenure, and development attributes of the Property, prevailing market conditions, and recent transacted prices and/or asking prices of comparable properties in the vicinity. The Board has reviewed these factors and is of the view that the Purchase Consideration is fair and reasonable.
This announcement is dated 8 June 2026.