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Transactions (Chapter 10 Of Listing Requirements):Related Party Transactions

BackDec 12, 2012
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description MALAYSIA BUILDING SOCIETY BERHAD (“MBSB” OR “COMPANY”)

PROPOSED ACQUISITION BY AMBANG HARTAMAS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MBSB, OF A PROPOSED OFFICE BUILDING TO BE DEVELOPED FOR A TOTAL CASH CONSIDERATION OF RM239,236,750 (“PROPOSED ACQUISITION”)

On behalf of the Board of Directors of MBSB (“Board”), RHB Investment Bank Berhad (“RHB Investment Bank”) is pleased to announce that the Company had on 12 December 2012 acquired the entire issued and paid-up share capital of Ambang Hartamas Sdn Bhd (“Ambang Hartamas”) for a total cash consideration of RM2.00. Ambang Hartamas, which is now a wholly-owned subsidiary of MBSB will facilitate the Proposed Acquisition.

Following the above, on behalf of the Board, RHB Investment Bank is pleased to announce that Ambang Hartamas had on 12 December 2012 entered into a conditional sale and purchase agreement with P. J Sentral Development Sdn Bhd for the proposed acquisition of between 27 to 30 floors of strata office space of a proposed “Grade A” office building to be developed and identified as Tower 3 for a total cash consideration of RM239,236,750.

Please refer to the attachment below for further details of the Proposed Acquisition.

This announcement is dated 12 December 2012.

 


Announcement Info

Company Name MALAYSIA BUILDING SOCIETY BERHAD  
Stock Name MBSB    
Date Announced 12 Dec 2012  
Category General Announcement
Reference No MI-121212-60325

Attachments

  1. MBSB121212.pdf (Size: 162,466 bytes)