TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS UMW HOLDINGS BERHAD ("UMWH" OR "COMPANY") PROPOSED DISPOSAL OF INDUSTRIAL LEASEHOLD LAND TOGETHER WITH ALL REMAINING BUILDINGS, STRUCTURES AND PLANTS MEASURING IN TOTAL 38.803 ACRES ("PROPERTIES") FOR A TOTAL CASH CONSIDERATION OF RM287,700,000.00 ("PROPOSED DISPOSAL") AND THE SUBSEQUENT TENANCY OF PART OF THE PROPERTIES ("PROPOSED TENANCY")
| UMW HOLDINGS BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | UMW HOLDINGS BERHAD ("UMWH" OR "COMPANY")
PROPOSED DISPOSAL OF INDUSTRIAL LEASEHOLD LAND TOGETHER WITH ALL REMAINING BUILDINGS, STRUCTURES AND PLANTS MEASURING IN TOTAL 38.803 ACRES ("PROPERTIES") FOR A TOTAL CASH CONSIDERATION OF RM287,700,000.00 ("PROPOSED DISPOSAL") AND THE SUBSEQUENT TENANCY OF PART OF THE PROPERTIES ("PROPOSED TENANCY") |
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(Unless otherwise stated, all abbreviations used in this Announcement shall have the same meanings as defined in the Company’s announcement dated 14 August 2019 in relation to the Proposed Disposal and Proposed Tenancy (collectively to be referred to as “Proposals”) (“Previous Announcement”)) We refer to the Previous Announcement. On behalf of the Board, Maybank IB wishes to announce the following: (i) variation to the use of proceeds from the Proposed Disposal; and (ii) amendments to the Previous Announcement. Please refer to the attached announcement for further details of the above. This Announcement is dated 27 August 2019. |
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Please refer attachment below.
Announcement Info
| Company Name | UMW HOLDINGS BERHAD |
| Stock Name | UMW |
| Date Announced | 27 Aug 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-27082019-00016 |