TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "COMPANY") PROPOSED DISPOSAL BY LVH HOSPITALITY MANAGEMENT LIMITED, A WHOLLY-OWNED SUBSIDIARY OF LONDON VISTA HOTEL LIMITED, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MUI MEDIA LTD AND WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MUIB, OF THE ENTIRE SHARE CAPITAL OF FLAMEPRO LIMITED FOR A TOTAL DISPOSAL CONSIDERATION OF GBP1,750,000
| 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")
PROPOSED DISPOSAL BY LVH HOSPITALITY MANAGEMENT LIMITED, A WHOLLY-OWNED SUBSIDIARY OF LONDON VISTA HOTEL LIMITED, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MUI MEDIA LTD AND WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MUIB, OF THE ENTIRE SHARE CAPITAL OF FLAMEPRO LIMITED FOR A TOTAL DISPOSAL CONSIDERATION OF GBP1,750,000 |
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Unless otherwise stated, the definitions used in this announcement shall carry the same meanings as defined in the announcement dated 26 June 2023 (“Announcement”).
Further to our Announcement, MUIB wishes to announce that the Proposed Disposal has been completed on 3 July 2023 in accordance with the terms and conditions of the SPA.
This announcement is dated 3 July 2023.
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Announcement Info
| Company Name | MALAYAN UNITED INDUSTRIES BERHAD |
| Stock Name | MUIIND |
| Date Announced | 03 Jul 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-30062023-00003 |