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Circular/Notice to Shareholders

MALAYAN UNITED INDUSTRIES BERHAD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO: PART A 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 MALAYAN UNITED INDUSTRIES BERHAD ("MUI"), TO WESTBOURNE LEISURE LIMITED FOR A TOTAL DISPOSAL CONSIDERATION OF GBP6,500,000 (EQUIVALENT TO RM36,219,950) TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED DISPOSAL") PART B PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF MUI OF RM3,070,000,000 PURSUANT TO SECTION 117 OF THE COMPANIES ACT 2016 ("PROPOSED CAPITAL REDUCTION")


Please refer attachment below.



Announcement Info

Company Name MALAYAN UNITED INDUSTRIES BERHAD
Stock Name MUIIND
Date Announced 25 Mar 2022
Category Document Submission
Reference Number DCS-25032022-00003




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