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Date: 21 June 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, 22 March 2017, 20 April 2017 and 19 May 2017 in relation to the Proposed Acquisition ("Announcements"). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board of Directors of MPB, the Company wishes to announce that the Proposed Acquisition has been completed today with the payment of the balance purchase price of RM26.0 million of the Property.

 

This announcement is dated 21 June 2017.





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