PROPOSED SALE BY MEDA DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MEDA INC BERHAD, OF ALL PROPERTY UNITS OWNED BY MEDA DEVELOPMENT SDN BHD LOCATED WITHIN THE COMMERCIAL MIXED DEVELOPMENT BUILDINGS KNOWN AS “THE SUMMIT SUBANG USJ” COMPRISING, INTER-ALIA, A RETAIL PODIUM, AN OFFICE TOWER BLOCK, A HOTEL BUILDING AND CAR PARKING BAYS TO MAYBAN TRUSTEES BERHAD, BEING THE TRUSTEE FOR AmFIRST REAL ESTATE INVESTMENT TRUST FOR AN AGGREGATE CASH CONSIDERATION OF RM260.0 MILLION ("PROPOSED SALE")
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We refer to the announcements dated 1 August 2007, 29 August 2007, 31 October 2007, 30 November 2007, 31 December 2007 and 13 March 2008 made by Kenanga Investment Bank Berhad (“KIBB”), on behalf of the Board of Directors of Meda (“Board”), in relation to the Proposed Sale (“Announcements”). Unless otherwise stated, terms used in this announcement shall carry the same meaning as defined in the Announcements.KIBB, on behalf of the Board, is pleased to announce that the Proposed Sale was completed on 31 March 2008 in accordance with the terms of the Revised Agreement. This announcement is dated 31 March 2008.
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We refer to the announcements dated 1 August 2007, 29 August 2007, 31 October 2007, 30 November 2007, 31 December 2007 and 13 March 2008 made by Kenanga Investment Bank Berhad (“KIBB”), on behalf of the Board of Directors of Meda (“Board”), in relation to the Proposed Sale (“Announcements”). Unless otherwise stated, terms used in this announcement shall carry the same meaning as defined in the Announcements.KIBB, on behalf of the Board, is pleased to announce that the Proposed Sale was completed on 31 March 2008 in accordance with the terms of the Revised Agreement. This announcement is dated 31 March 2008.
(KLSE 31-3-2008)
