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.