|Description||MALAYSIA BUILDING SOCIETY BERHAD ("MBSB" OR THE “COMPANY")
PROPOSED DISPOSAL OF 3,970,635 ORDINARY SHARES OF RM1.00 EACH IN GADINI SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, TO KEN HOLDINGS BERHAD FOR A TOTAL CASH PROCEEDS OF RM56,171,399 (“TOTAL CASH PROCEEDS”) (“PROPOSED DISPOSAL”)
The Board of Directors of MBSB (“Board”) wishes to announce that MBSB had on 18 July 2012 entered into a Conditional Share Sale Agreement (“SSA”) with Ken Holdings Berhad in relation to the Proposed Disposal.
Please refer to the attachment for full text of the announcement.
This announcement is dated 18 July 2012.
|Company Name||MALAYSIA BUILDING SOCIETY BERHAD|
|Date Announced||18 Jul 2012|