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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYAN UNITED INDUSTRIES BERHAD ("MUI" OR THE "COMPANY") 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 ("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")

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 ("DISPOSAL")

We refer to the announcements dated 31 December 2021, 24 March 2022, 25 March 2022 and 18 April 2022 in relation to the Disposal (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, TA Securities wishes to announce that the conditions precedent of the APA were satisfied on 28 April 2022 and subsequently the Disposal has been completed on 9 May 2022 in the UK in accordance with the terms and conditions of the APA.

 

This announcement is dated 11 May 2022.






Announcement Info

Company Name MALAYAN UNITED INDUSTRIES BERHAD
Stock Name MUIIND
Date Announced 11 May 2022
Category General Announcement for PLC
Reference Number GA1-11052022-00021




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