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Sunday, April 6, 2008

KLSE Announcement: Mah Sing

Proposed acquisition of eight (8) pieces of contiguous Prime Freehold Land (“Land”) in Johor Bahru measuring approximately 60.43 acres through Mah Sing’s wholly-owned subsidiary company, Mah Sing Properties Sdn Bhd for a total cash consideration of RM21,059,853.05 or approximately RM8.00 per square foot ("Proposed Acquisition")
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Further to our announcements on 3 January 2008 and 28 February 2008, the Board of Directors of Mah Sing wishes to announce that save for one (1) piece of Land held under GM 383, Lot 1910, Tempat Kangkar Pulai, Mukim Senai-Kulai, Negeri Johor (“Outstanding Transaction”), the sale and purchase transactions for all the other seven (7) pieces of Land pursuant to the Proposed Acquisition have been duly completed.The Outstanding Transaction shall be completed upon the delivery of vacant possession by the vendor at a later stage.This announcement is dated 3 April 2008.

(KLSE 3-4-2008)