Type | Announcement |
Subject | OTHERS |
Description | (I) AGREEMENT BETWEEN FEDERAL AUTO HOLDINGS BERHAD (“FAHB”) A 100% OWNED SUBSIDIARY OF MBM RESOURCES BERHAD (“MBMR”) AND KIARA SELEKSI SDN. BHD. (“KSSB”) TO PURCHASE A PROPERTY (“THE PURCHASE”) (II) AGREEMENT BETWEEN SUMMER GALLERY SDN. BHD. (“SGSB”) A 100% OWNED SUBSIDIARY OF MBMR AND KSSB TO PURCHASE A PROPERTY (“THE NEW PURCHASE”) |
The announcements made on the above matter on 21 October 2011 and 30 December 2011 refers. The announcement made on 15 March 2010 in relation to (I) above refers. The Board of Directors of MBMR wishes to announce that the conditional agreement dated 15 March 2010 entered between its 100% owned subsidiary Federal Auto Holdings Berhad (“FAHB”) and Kiara Seleksi Sdn. Bhd. (“KSSB”) to purchase a property which comprises showroom and service centre has been terminated today. The purchase of the said property (“the New Purchase”) will now be undertaken by Summer Gallery Sdn. Bhd. (“SGSB”),also a 100% owned subsidiary of MBMR, for which a new purchase agreement has been entered into today with KSSB (“the New Purchase Agreement”).The salient terms and conditions of the New Purchase Agreement are disclosed in Note 4 below. This announcement is dated 16 February 2012. |
Company Name | MBM RESOURCES BHD |
Stock Name | MBMR |
Date Announced | 16 Feb 2012 |
Category | General Announcement |
Reference No | CM-120210-EB185 |
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