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.