TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "COMPANY") PROPOSED ISSUANCE AND ALLOTMENT OF 1,000,000 CUMULATIVE REDEEMABLE NON-CONVERTIBLE PREFERENCE SHARES OF GBP1.00 EACH IN LONDON VISTA HOTEL LIMITED, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF MUIB, TO FLAMEPRO LIMITED FOR A TOTAL CONSIDERATION OF GBP1,000,000 IN CASH
| MALAYAN UNITED INDUSTRIES BERHAD |
| Type | Announcement | ||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
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| Description | MALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "COMPANY")
PROPOSED ISSUANCE AND ALLOTMENT OF 1,000,000 CUMULATIVE REDEEMABLE NON-CONVERTIBLE PREFERENCE SHARES OF GBP1.00 EACH IN LONDON VISTA HOTEL LIMITED, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF MUIB, TO FLAMEPRO LIMITED FOR A TOTAL CONSIDERATION OF GBP1,000,000 IN CASH |
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Unless otherwise stated, the definitions used in this announcement shall carry the same meanings as defined in the announcement dated 6 March 2026 (“Announcement”).
Further to our Announcement, MUIB wishes to clarify that Section 13 in the content of the Announcement should be read as follows:
13. HIGHEST PERCENTAGE RATIO OF THE PROPOSED CRNCPS ALLOTMENTS
The highest percentage ratio for the respective transactions pursuant to paragraph 10.02 of the Listing Requirements are summarised below:
Notes: (1) Calculated based on the Consideration of GBP1.0 million (equivalent to RM5.8 million) over the NA of our Group as at 30 June 2024 of RM808.2 million. (2) Calculated based on the Consideration of GBP1.0 million (equivalent to RM5.5 million) over the NA of our Group as at 30 June 2025 of RM652.3 million.
Pursuant to paragraph 10.12 of the Listing Requirements, the aggregate transaction ratio for the Proposed CRNCPS Allotments is 1.55%.
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Announcement Info
| Company Name | MALAYAN UNITED INDUSTRIES BERHAD |
| Stock Name | MUIIND |
| Date Announced | 10 Mar 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-09032026-00113 |