Newsroom
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
MALAYSIA BUILDING SOCIETY BERHAD PROPOSED ACQUISITION BY MALAYSIA BUILDING SOCIETY BERHAD ("MBSB" OR THE "COMPANY") OF 100% EQUITY INTEREST IN MALAYSIAN INDUSTRIAL DEVELOPMENT FINANCE BERHAD ("MIDF") FROM PERMODALAN NASIONAL BERHAD ("PNB" OR "VENDOR") ("PROPOSED ACQUISITION") |
This announcement is dated 30 August 2023.
Reference is made to the Company’s announcements on 6 April 2022, 22 April 2022, 30 September 2022, 5 October 2022, 21 October 2022, 10 November 2022, 14 April 2023, 9 June 2023, 13 June 2023, 23 June 2023, 11 July 2023 and 27 July 2023 in relation to the Proposed Acquisition (“Earlier Announcements”).
Unless otherwise stated, all defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements.
On behalf of the Board, AmInvestment Bank wishes to announce that MBSB has today received a notification from PNB that the SC has, on 25 August 2023, granted approval for the change in controller of MAIB and MAAMB.
In this regard, the SPA has become unconditional following the fulfilment of all the conditions precedent set out therein.
Barring any unforeseen circumstances, the Proposed Acquisition is expected to be completed in early October 2023.
| Company Name | MALAYSIA BUILDING SOCIETY BERHAD |
| Stock Name | MBSB |
| Date Announced | 30 Aug 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-30082023-00014 |
