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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DISPOSAL OF 51% EQUITY INTEREST IN PT. SERDANG JAYA PERDANA (SJP) BY ITS WHOLLY-OWNED SUBSIDIARY, MUAR BAN LEE ENGINEERING SDN BHD (MBLE) OF THE COMPANY FOR A TOTAL NET SALE CONSIDERATION OF IDR36,000,000,000.00 (EQUIVALENT TO APPROXIMATELY RM11,000,000.00) (THE DISPOSAL)

MUAR BAN LEE GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
DISPOSAL OF 51% EQUITY INTEREST IN PT. SERDANG JAYA PERDANA (SJP) BY ITS WHOLLY-OWNED SUBSIDIARY, MUAR BAN LEE ENGINEERING SDN BHD (MBLE) OF THE COMPANY FOR A TOTAL NET SALE CONSIDERATION OF IDR36,000,000,000.00 (EQUIVALENT TO APPROXIMATELY RM11,000,000.00) (THE DISPOSAL)

The Board of Directors of MBL (“Board”), wishes to announce that its wholly-owned subsidiary, MBLE, has entered into a Sale and Purchase Deed on 10 November 2022 with Sian and Lucialim (“the Purchasers”) for the disposal of 51% equity interest in PT. Serdang Jaya Perdana (“SJP”) for a net cash consideration of IDR36,000,000,000.00 (which is equivalent to approximately RM11,000,000.00) (“Disposal Consideration”), subject to the terms as set out in the Sale and Purchase Deed (“the Disposal”).

 

Please refer to the attachment for further details.

 

This announcement is dated 11 November 2022.

 




Please refer attachment below.



Announcement Info

Company Name MUAR BAN LEE GROUP BERHAD
Stock Name MBL
Date Announced 11 Nov 2022
Category General Announcement for PLC
Reference Number GA1-13102022-00022




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