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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MYCRON STEEL BERHAD ("MYCRON" OR THE "COMPANY")
PROPOSED ACQUISITION
MYCRON STEEL BERHAD
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
MYCRON STEEL BERHAD ("MYCRON" OR THE "COMPANY")
PROPOSED ACQUISITION
On behalf of the Board of Directors of Mycron ("Board"), Kenanga Investment Bank Berhad ("Kenanga IB") wishes to announce that Melewar Steel Tube Sdn Bhd ("MST" or the "Purchaser"), a wholly-owned subsidiary of Mycron had on 15 June 2026 entered into a conditional sale and purchase agreement with Melewar Industrial Group Berhad ("MIGB" or the "Vendor") for the purchase by MST, and the sale by MIGB, of a parcel of leasehold industrial land held under PN 121387, Lot 10461 together with the buildings erected thereon, located in Seksyen 15, Town of Shah Alam, District of Petaling, State of Selangor ("Property") for a cash consideration of RM30.00 million ("Purchase Consideration") ("SPA") ("Proposed Acquisition").
Please refer to the attachment below for further details on the Proposed Acquisition.