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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MSM MALAYSIA HOLDINGS BERHAD ("MSMH" OR THE "COMPANY") PROPOSED DISPOSAL OF THE ENTIRE EQUITY INTEREST HELD IN MSM PERLIS SDN BHD FOR AN INITIAL DISPOSAL CONSIDERATION OF RM175.0 MILLION (SUBJECT TO ADJUSTMENT FOR NET DEBT AND NET WORKING CAPITAL AT COMPLETION) ("PROPOSED DISPOSAL")

MSM MALAYSIA HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
MSM MALAYSIA HOLDINGS BERHAD ("MSMH" OR THE "COMPANY")

PROPOSED DISPOSAL OF THE ENTIRE EQUITY INTEREST HELD IN MSM PERLIS SDN BHD FOR AN INITIAL DISPOSAL CONSIDERATION OF RM175.0 MILLION (SUBJECT TO ADJUSTMENT FOR NET DEBT AND NET WORKING CAPITAL AT COMPLETION) ("PROPOSED DISPOSAL")

Reference is made to the announcements dated 30 April 2021, 5 May 2021, 6 May 2021, 8 June 2021 and the Circular to the shareholders of MSMH dated 27 August 2021 in relation to the Proposed Disposal (“Circular”), the announcement dated 15 September 2021 on the outcome of the extraordinary general meeting for the Proposed Disposal and the announcement dated 29 September 2021. Unless otherwise stated, definitions used throughout this announcement shall carry the same meaning as those defined in the Circular.

 

Pursuant to Section 2.4.2 of the Circular to Shareholders dated 27 August 2021, the Board of Directors of the Company wishes to announce that the Final Disposal Consideration for the Proposed Disposal that has been determined in accordance with the terms of the MSMP SSA and agreed between the Purchaser and the Company, is RM181,106,117.

 

Please refer to the attachment for further details on the Final Disposal Consideration.

 

This announcement is dated 1 November 2021.

 

 




Please refer attachment below.



Announcement Info

Company Name MSM MALAYSIA HOLDINGS BERHAD
Stock Name MSM
Date Announced 01 Nov 2021
Category General Announcement for PLC
Reference Number GA1-29102021-00063




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