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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYAN UNITED INDUSTRIES BERHAD ("MUI" OR THE "COMPANY") 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 A DISPOSAL CONSIDERATION OF UP TO GBP15,100,000 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 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 A DISPOSAL CONSIDERATION OF UP TO GBP15,100,000 TO BE SATISFIED ENTIRELY IN CASH ("DISPOSAL")

We refer to the announcements dated 22 August 2022, 10 November 2022, 11 November 2022 and 28 November 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 condition precedent of the SPA was satisfied on 28 November 2022 and subsequently the Disposal has been completed on 12 December 2022 in the United Kingdom in accordance with the terms and conditions of the SPA.

 

This announcement is dated 13 December 2022.



Announcement Info

Company Name MALAYAN UNITED INDUSTRIES BERHAD
Stock Name MUIIND
Date Announced 13 Dec 2022
Category General Announcement for PLC
Reference Number GA1-12122022-00024




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