Date Published : 2018-08-30
ACQUISITION OF A PIECE OF LEASEHOLD LAND TOGETHER WITH BUILDINGS ERECTED THEREON BY MELEWAR STEEL TUBE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MYCRON STEEL BERHAD FROM MELEWAR INDUSTRIAL GROUP BERHAD FOR A TOTAL PURCHASE CONSIDERATION OF RM26.0 MILLION TO BE SATISFIED ENTIRELY BY WAY OF CASH ("ACQUSITION")
Reference is made to the Company’s announcements dated 23 August 2017, 10, 16 October 2017, 20 November 2017, 18, 22 December 2017, 19 February 2018, 5 March 2018, 5 and 20 April 2018 in relation to the Proposals ("Announcement(s)"). Unless otherwise stated, abbreviations and definitions used throughout this announcement shall have the same meaning as those previously defined in the Announcements.
On behalf of the Board, TA Securities wishes to inform that the Acquisition has been completed on 30 August 2018 following the payment of the balance purchase price of RM23.4 million.
This announcement is dated 30 August 2018.