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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "COMPANY") DISPOSAL BY ORIENTAL OMEGA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MUIB, OF 43,000,000 ORDINARY SHARES REPRESENTING 5.57% OF THE TOTAL ISSUED SHARE CAPITAL OF PAN MALAYSIA CORPORATION BERHAD TO FORTRESS OPPORTUNISTIC GROWTH FUND FOR A TOTAL CASH CONSIDERATION OF RM6,450,000.

MALAYAN UNITED INDUSTRIES BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
MALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "COMPANY")

DISPOSAL BY ORIENTAL OMEGA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MUIB, OF 43,000,000 ORDINARY SHARES REPRESENTING 5.57% OF THE TOTAL ISSUED SHARE CAPITAL OF PAN MALAYSIA CORPORATION BERHAD TO FORTRESS OPPORTUNISTIC GROWTH FUND FOR A TOTAL CASH CONSIDERATION OF RM6,450,000.

MUIB wishes to announce that Oriental Omega Sdn Bhd (“OOSB” or the “Vendor”), a wholly-owned subsidiary of MUIB, had on 5 October 2022 disposed its 43,000,000 ordinary shares representing 5.57% of the total issued share capital of Pan Malaysia Corporation Berhad (“PMC”) (“Sale Shares”) to Fortress Opportunistic Growth Fund (“Purchaser”) for a total cash consideration of RM6,450,000 (“Disposal Consideration”) (“Disposal”). Please refer to the attachment for further information.

 

This announcement is dated 5 October 2022.




Please refer attachment below.



Announcement Info

Company Name MALAYAN UNITED INDUSTRIES BERHAD
Stock Name MUIIND
Date Announced 05 Oct 2022
Category General Announcement for PLC
Reference Number GA1-05102022-00022




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