Date Published : 2017-11-20
SUBJECT : TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
PROPOSED ACQUISITION OF A PIECE OF LEASEHOLD LAND TOGETHER WITH BUILDINGS ERECTED THEREON BY MELEWAR STEEL TUBE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY FROM MELEWAR INDUSTRIAL GROUP BERHAD FOR A TOTAL PURCHASE CONSIDERATION OF RM26.0 MILLION ("PROPOSED ACQUISITION")
On behalf of the Board of Directors of Mycron (“Board”), TA Securities Holdings Berhad (“TA Securities”) is pleased to announce that Melewar Steel Tube Sdn. Bhd. (“MST” or “Purchaser”), a wholly-owned subsidiary of Mycron had on 20 November 2017 entered into a conditional sale and purchase agreement (“SPA”) with Melewar Industrial Group Berhad (“MIGB” or “Vendor”) to acquire a piece of leasehold land known as Lot 53, Persiaran Selangor, Seksyen 15, 40200 Shah Alam, Selangor Darul Ehsan and held under Title No. HSD 166735, Bandar Shah Alam, Daerah Petaling, Negeri Selangor, together with buildings erected thereon (“Property”) from MIGB for a total purchase consideration of RM26.0 million (“Purchase Consideration”) to be satisfied entirely by way of cash.
Please refer attachment below:
Mycron Proposed Acquisition 20-11-2017
This announcement is dated 20 November 2017.