TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL OF PROPERTY BY MIROZA LEATHER (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MESB BERHAD
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description PROPOSED DISPOSAL OF PROPERTY BY MIROZA LEATHER (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MESB BERHAD
MESB Berhad (“the Company” or “MESB”) wishes to announce that Miroza Leather (M) Sdn Bhd (“Miroza” or “Vendor”), a wholly-owned subsidiary of the Company, had on 31 October 2013 entered into a Sale and Purchase Agreement (“Agreement”) with Taetea (Malaysia) Sdn Bhd (Company No.: 1063558-P) (“Purchaser”) for the disposal of all that piece of freehold land held under Geran 268438, Lot 21772, Bandar Sri Damansara, Daerah Petaling, Negeri Selangor together with a double storey building erected thereon bearing postal address of No. 10, Persiaran Dagang, Bandar Sri Damansara, 52200 Kuala Lumpur (land and building shall hereinafter referred to as “The Property”)” free from all caveats, charges, lies, mortgages, restraints or any encumbrances, for a cash consideration of RM14,500,000.00 only (“Disposal Consideration”) (“the Proposed Disposal”) subject to the terms and conditions as stipulated in the Agreement.
Further details of the Proposed Disposal are set out in the attachment herein.
Announcement – Proposed Disposal of MIROZA property_final