Proposed disposal of Maintenance Engineering Sdn Bhd

Type

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Announcement
Subject

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

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MESB BERHAD (“MESB” OR THE “COMPANY”)
Proposed disposal of Maintenance Engineering Sdn Bhd for a total cash consideration of RM4,500,000
Attachments

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 MESB Disposal of ME
Announcement Details/Table Section :On behalf of the Board of Directors of MESB, HwangDBS Investment Bank Berhad wishes to announce that MESB has today, entered into a share sale agreement with Tepat Pesona Sdn Bhd for the disposal of 8,000,000 ordinary shares of RM1.00 each, representing 100% equity interest in Maintenance Engineering Sdn Bhd, for a total cash consideration of RM4,500,000 (“Proposed ME Disposal”).

Further details on the Proposed ME Disposal are set out in the attachment.

 

This announcement is dated 9 January 2012.