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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 33,500,000 ORDINARY SHARES IN PAN MALAYSIA CORPORATION BERHAD REPRESENTING 4.34% OF THE TOTAL ISSUED SHARE CAPITAL OF PAN MALAYSIA CORPORATION BERHAD TO FORTRESS OPPORTUNISTIC GROWTH FUND AND FORTRESS CAPITAL ASSET MANAGEMENT (M) SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM6,030,000.

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 33,500,000 ORDINARY SHARES IN PAN MALAYSIA CORPORATION BERHAD REPRESENTING 4.34% OF THE TOTAL ISSUED SHARE CAPITAL OF PAN MALAYSIA CORPORATION BERHAD TO FORTRESS OPPORTUNISTIC GROWTH FUND AND FORTRESS CAPITAL ASSET MANAGEMENT (M) SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM6,030,000.

MUIB wishes to announce that Oriental Omega Sdn Bhd (“OOSB” or the “Vendor”), a wholly-owned subsidiary of MUIB, had on 27 February 2023 disposed its 33,500,000 ordinary shares in Pan Malaysia Corporation Berhad (“PMC”) representing 4.34% of the total issued share capital of PMC (“Sale Shares”) to Fortress Opportunistic Growth Fund (“FOGF”) and Fortress Capital Asset Management (M) Sdn Bhd (“FCAM”) (collectively referred to as the “Purchasers”) for a total cash consideration of RM6,030,000 (“Disposal Consideration”) (“Disposal”).

 

Please refer to the attachment for further information.

 

This announcement is dated 28 February 2023.

 

 

 




Please refer attachment below.



Announcement Info

Company Name MALAYAN UNITED INDUSTRIES BERHAD
Stock Name MUIIND
Date Announced 28 Feb 2023
Category General Announcement for PLC
Reference Number GA1-28022023-00012



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