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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 A LOT OF FREEHOLD LAND IN WINDERMERE, CUMBRIA, ENGLAND, THE UNITED KINGDOM TOGETHER WITH A HOTEL ERECTED THEREON, BY BELSFIELD LLP, A 61.11%-OWNED LIMITED LIABILITY PARTNERSHIP OF MUI HELD VIA ITS SUBSIDIARIES TO BELSFIELD PROPCO LIMITED AND BELSFIELD OPCO LIMITED, FOR DISPOSAL CONSIDERATION OF UP TO GBP15,100,000 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 A LOT OF FREEHOLD LAND IN WINDERMERE, CUMBRIA, ENGLAND, THE UNITED KINGDOM TOGETHER WITH A HOTEL ERECTED THEREON, BY BELSFIELD LLP, A 61.11%-OWNED LIMITED LIABILITY PARTNERSHIP OF MUI HELD VIA ITS SUBSIDIARIES TO BELSFIELD PROPCO LIMITED AND BELSFIELD OPCO LIMITED, FOR DISPOSAL CONSIDERATION OF UP TO GBP15,100,000 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 22 August 2022.




Please refer attachment below.



Announcement Info

Company Name MALAYAN UNITED INDUSTRIES BERHAD
Stock Name MUIIND
Date Announced 22 Aug 2022
Category General Announcement for PLC
Reference Number GA1-18082022-00075




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