| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
MALAYSIA AICA BERHAD (“MAICA” OR “THE COMPANY”)
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On behalf of the Board of Directors of Maica (“Board”), RHB Investment Bank Berhad (“RHBIB”) wishes to announce that Maica had on 23 October 2013 entered into the following agreements with Cangkat Nusantara Sdn Bhd (“CNSB” or the “Vendor”):
(i) project purchase agreement for the acquisition by Maica of the rights and interest of the Vendor, including the development rights, to a commercial development project known as “Trivo, Suria Jelutong” being carried out on 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, for a total purchase consideration of RM25.00 million (“Proposed Project Acquisition”); and (ii) sale and purchase agreement for the 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 (“Proposed Land Acquisition”). (The Proposed Project Acquisition and the Proposed Land Acquisition are collectively referred to as the “Proposed Acquisitions”) In conjunction with the Proposed Acquisitions, on behalf of the Board, RHBIB wishes to announce that the Company proposes to undertake a proposed diversification of the business of Maica and its subsidiaries to include property development business. Further details of the Proposals are set out in the attachment below. This announcement is dated 23 October 2013. |
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| Company Name | MALAYSIA AICA BERHAD |
| Stock Name | MAICA |
| Date Announced | 23 Oct 2013 |
| Category | General Announcement |
| Reference No | MI-131023-64172 |
Attachments