| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED ACQUISITION BY MALAYSIA AICA BERHAD (“MAICA” OR THE “COMPANY”) OF THE DEVELOPMENT RIGHTS AND INTEREST HELD BY CANGKAT NUSANTARA SDN BHD (“CNSB”) TO A COMMERCIAL DEVELOPMENT PROJECT KNOWN AS “TRIVO, SURIA JELUTONG” BEING CARRIED OUT ON A PARCEL OF DEVELOPMENT LAND PREVIOUSLY HELD UNDER GERAN 104810, LOT 76110, MUKIM DAMANSARA, DAERAH PETALING, NEGERI SELANGOR (“LAND 1”), WHICH COMPRISES 30 UNITS OF DOUBLE STOREY SHOP OFFICES TOGETHER WITH INFRASTRUCTURES CONSTRUCTED OR TO BE CONSTRUCTED ON THE LAND 1 (“PROJECT”) FOR A TOTAL PURCHASE CONSIDERATION OF RM25.00 MILLION; (II) PROPOSED ACQUISITION BY MAICA OF ANOTHER PARCEL OF DEVELOPMENT LAND HELD UNDER GERAN 104806, LOT 76106, MUKIM DAMANSARA, DAERAH PETALING, NEGERI SELANGOR FROM CNSB FOR A TOTAL PURCHASE CONSIDERATION OF RM31.00 MILLION; AND (III) PROPOSED DIVERSIFICATION OF THE EXISTING CORE BUSINESSES OF MAICA AND ITS SUBSIDIARIES TO INCLUDE PROPERTY DEVELOPMENT BUSINESS AND NOTICE OF EXTRAORDINARY GENERAL MEETING |
| Company Name | MALAYSIA AICA BERHAD |
| Stock Name | MAICA |
| Date Announced | 2 Jan 2014 |
| Category | PDF Submission |
| Reference No | CQ-131230-57754 |
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