Proposed acquisition by North Cube Sdn. Bhd., a wholly-owned subsidiary of MAG Holdings Berhad from Ms. Chong Kah Nyuk @ Lilian of the a farm land provisionally known as Country Lease 1055773840, Mile 15, Apas Road, Tawau, Sabah (“Farm Land”) at a purchase consideration of RM7,000,000.00 (“Proposed Acquisition”)
MAG HOLDINGS BERHAD |
Type | Reply to Query | ||||||||||||||||||
Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-19032025-00002 | ||||||||||||||||||
Subject | Proposed acquisition by North Cube Sdn. Bhd., a wholly-owned subsidiary of MAG Holdings Berhad from Ms. Chong Kah Nyuk @ Lilian of the a farm land provisionally known as Country Lease 1055773840, Mile 15, Apas Road, Tawau, Sabah (“Farm Land”) at a purchase consideration of RM7,000,000.00 (“Proposed Acquisition”) | ||||||||||||||||||
Description | MAG HOLDINGS BERHAD (MAG OR THE COMPANY) SALE AND PURCHASE AGREEMENT BETWEEN NORTH CUBE SDN. BHD. AND CHONG KAH NYUK @ LILIAN |
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Query Letter Contents | We refer to your Company’s announcement dated 14 March 2025, in respect of the aforesaid matter.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Yours faithfully Listing Regulation
copy : Market Surveillance Dept., Securities Commission |
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(The abbreviations used herein are consistent with those stated in the announcement dated 14 March 2025 (Announcement) unless defined otherwise.)
Reference is made to the Announcement pertaining to the SPA between NCSB and Ms. Chong Kah Nyuk @ Lilian.
The Board wishes to announce the following additional information. |
Please refer attachment below.
Announcement Info
Company Name | MAG HOLDINGS BERHAD |
Stock Name | MAG |
Date Announced | 20 Mar 2025 |
Category | General Announcement for PLC |
Reference Number | GA1-20032025-00081 |