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发表于 1-10-2007 09:34 PM
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General Announcement
Reference No MS-071001-62143
Company Name : MAH SING GROUP BERHAD
Stock Name : MAHSING
Date Announced : 01/10/2007
Type : Announcement
Subject : MAH SING GROUP BERHAD ("Mah Sing" or the "Company")
Proposed Acquisition of Prime Freehold Commercial Land measuring approximately 19,254.198 square metres (4.76 acres) in Kuala Lumpur By Mah Sing Group Berhad through its wholly-owned subsidiary company, Jastamax Sdn Bhd, from Nichii Fashion Sdn Bhd For A Cash Consideration of RM52.0 million or the equivalent of approximately RM250.90 per square foot ("Proposed Acquisition")
Contents :
Further to our announcement on 27 July 2007, the Board of Directors of Mah Sing wishes to annouce that on 1 October 2007, the Company received notification that the Foreign Investment Committee ("FIC") had approved the Proposed Acquisition, subject to the following conditions:-
(i) Jastamax Sdn Bhd shall increase its share capital to at least RM100,000.00 wihtin 6 months from the date of FIC's approval letter; and
(ii) Every acquisition by foreign interest of properties to be developed on the said land, except residential properties, requires approval from the FIC.
This announcement is dated 1 October 2007.
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