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Date: 20 April 2017

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MAGNA PRIMA BERHAD ("MPB" or the "COMPANY") Proposed acquisition by Magna City Shah Alam Sdn Bhd, a wholly-owned subsidiary of MPB, of a piece of land measuring approximately 5.25 acres located at Lot 737, Seksyen 13, Bandar Shah Alam, District of Petaling, Selangor Darul Ehsan ("Property") for a purchase consideration of RM43.0 million ("Proposed Acquisition")


Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description MAGNA PRIMA BERHAD ("MPB" or the "COMPANY") Proposed acquisition by Magna City Shah Alam Sdn Bhd, a wholly-owned subsidiary of MPB, of a piece of land measuring approximately 5.25 acres located at Lot 737, Seksyen 13, Bandar Shah Alam, District of Petaling, Selangor Darul Ehsan ("Property") for a purchase consideration of RM43.0 million ("Proposed Acquisition")

We refer to the announcements made on 9 June 2016, 22 December 2016 and 22 March 2017 in relation to the Proposed Acquisition ("Announcement"). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

On behalf of the Board of Directors of MPB, the Company wishes to announce that both Magna City Shah Alam Sdn Bhd and Regalia Raintree Sdn Bhd, being the vendor of the Property, have mutually agreed to extend the completion date of the SPA for another 1 month from 22 April 2017 to 22 May 2017.

Save for the aforementioned, all other terms of the SPA remain unchanged.

A copy of the extension letter is available for inspection at the registered office of MPB at Lot 4.01, Level 4, IDCC Corporate Tower, Jalan Pahat L 15/L, Seksyen 15, 40200 Shah Alam, Selangor Darul Ehsan during normal office hours on Mondays to Fridays (except public holidays) for a period of 3 months from the date of this announcement.

This announcement is dated 20 April 2017.

 





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