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MEDIA PRIMA BERHAD (“MPB” OR “COMPANY”) PROPOSED DISPOSAL BY SISTEM TELEVISYEN MALAYSIA BERHAD (“STMB” OR “VENDOR”), A WHOLLY-OWNED SUBSIDIARY OF MPB, OF A PIECE OF LEASEHOLD LAND TOGETHER WITH A SIX (6) STOREY BUILDING ERECTED THEREON TO ZETRO SERVICES SDN BHD (“ZETRO”) FOR A TOTAL CASH CONSIDERATION OF RM60.0 MILLION (“PROPOSED DISPOSAL”)

MEDIA PRIMA BERHAD

Type

Announcement
Subject MEDIA PRIMA BERHAD (“MPB” OR “COMPANY”)

PROPOSED DISPOSAL BY SISTEM TELEVISYEN MALAYSIA BERHAD (“STMB” OR “VENDOR”), A WHOLLY-OWNED SUBSIDIARY OF MPB, OF A PIECE OF LEASEHOLD LAND TOGETHER WITH A SIX (6) STOREY BUILDING ERECTED THEREON TO ZETRO SERVICES SDN BHD (“ZETRO”) FOR A TOTAL CASH CONSIDERATION OF RM60.0 MILLION (“PROPOSED DISPOSAL”)

Contents :

On behalf of the Board of Directors of MPB, AmInvestment Bank Berhad (formerly known as AmMerchant Bank Berhad) (a member of AmInvestment Bank Group), wishes to announce that STMB, a wholly-owned subsidiary of MPB, had on 22 January 2007 entered into a conditional sale and purchase agreement with Zetro for the proposed disposal of a piece of leasehold land together with a six (6) storey building erected thereon to Zetro for a total cash consideration of RM60.0 million.


The full text of the announcement relating to the Proposed Disposal is enclosed herewith.

This announcement is dated 23 January 2007.
MPB - Disposal_announcement 23.01.07.pdf



Announcement Info

Company NameMEDIA PRIMA BERHAD  
Stock Name MEDIA    
Date Announced23 Jan 2007  
CategoryGeneral Announcement
Reference NoMM-070123-61854



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