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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYAN UNITED INDUSTRIES BERHAD ("MUI" OR THE "COMPANY") PROPOSED DISPOSAL OF FREEHOLD LAND IN SHIRLEY, SOLIHULL, WEST MIDLANDS, ENGLAND, THE UNITED KINGDOM TOGETHER WITH A HOTEL ERECTED THEREON, BY THE REGENCY HOTEL HOSPITALITY LIMITED, A WHOLLY-OWNED INDIRECT SUBSIDIARY OF MUI, TO WESTBOURNE LEISURE LIMITED FOR A TOTAL DISPOSAL CONSIDERATION OF GBP6,500,000 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 FREEHOLD LAND IN SHIRLEY, SOLIHULL, WEST MIDLANDS, ENGLAND, THE UNITED KINGDOM TOGETHER WITH A HOTEL ERECTED THEREON, BY THE REGENCY HOTEL HOSPITALITY LIMITED, A WHOLLY-OWNED INDIRECT SUBSIDIARY OF MUI, TO WESTBOURNE LEISURE LIMITED FOR A TOTAL DISPOSAL CONSIDERATION OF GBP6,500,000 TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED DISPOSAL")

On behalf of the Board of Directors of MUI (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the Proposed Disposal.

 

Please refer to the attachment for further details of the Proposed Disposal.

 

This announcement is dated 31 December 2021.




Please refer attachment below.



Announcement Info

Company Name MALAYAN UNITED INDUSTRIES BERHAD
Stock Name MUIIND
Date Announced 31 Dec 2021
Category General Announcement for PLC
Reference Number GA1-31122021-00027




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