MUIIND
Malayan United Industries Berhad
Company Background
Gamuda Buys Land from MUI Properties-Chin Teck JV for RM424m Cash, for Data Centre Project
Gamuda Bhd is acquiring 389.7 acres of land in the Springhill Industrial Park, Port Dickson for RM424.4 million, cash, from a joint venture (JV) between MUI Properties Bhd (MUIPROP) and Chin Teck Plantations Bhd.
Gamuda intends to use the land to develop cloud or data centre infrastructure, according to its bourse filing on Monday. Gamuda’s indirect subsidiary, Gamuda DC Infrastructure Sdn Bhd, has signed a sale and purchase agreement with West Synergy Sdn Bhd for the deal.
West Synergy is 60%-owned by MUI Properties’ wholly-owned Peristal Enterprise Sdn Bhd and 40%-owned by Chin Teck’s Double Alliance Sdn Bhd. MUI Properties is 72.26%-controlled by Malayan United Industries Bhd (KL:MUIIND).
The land is valued at RM25 per square foot based on the purchase price. An independent valuation by Savills (M) Sdn Bhd appraised the land's market value at RM400 million, or RM23 per square foot.
Gamuda plans to use internal funds to pay for the acquisition. As of end-October this year, the group had RM3.12 billion in cash reserves. The land purchase is expected to be completed by the end of July 2025.
MUI Properties said Gamuda acquired the land in the industrial park of its flagship Bandar Springhill development for the outfit's high-tech digital infrastructure hub.
“Bandar Springhill, which strategically straddles the North-South Expressway and is within half hour travel to Seremban and KLIA, is sited within Malaysia Vision Valley 2.0 planned to elevate the country’s progress in digitalisation and high-tech digital infrastructure development. The sale is expected to establish Springhill as a hub for high-tech digital infrastructure and complementary developments,” it said in a separate filing.
With this transaction, MUI Properties has made a major step forward in the group’s ongoing initiative to monetise its land bank and investment properties, said its executive chairman and chief executive officer Andrew Khoo. "The sale proceeds will, amongst others, enable us to expand our portfolio of new land banks for further growth and long term sustainability."
The company is expected to book a pro forma net gain of RM206.13 million from the land disposal.
Shares in Gamuda ended nine sen or 1.92% higher at RM4.78 on Monday, valuing the group at RM27.19 billion.
MUI Properties' shares closed unchanged at 43.5 sen, giving the company a market capitalisation of RM328.59 million. Chin Teck also settled unchanged at RM7.97, valuing it at RM728.17 million.
$CHINTEK / 1929 (CHIN TECK PLANTATIONS BERHAD) $GAMUDA / 5398 (GAMUDA BERHAD) $MUIIND / 3891 (MALAYAN UNITED INDUSTRIES BERHAD)
Source from The Edge
KUALA LUMPUR: Malayan United Industries Bhd (MUI) has accepted a £152.5 million (RM912 million) term loan facility to transform Corus Hotel Hyde Park in London, UK into an upscale, four-star international brand.
© New Straits Times Press (M) Bhd
OTHERSMALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "COMPANY")
REPOSITIONING OF CORUS HYDE PARK HOTEL TO AN UPPER-SCALE FOUR-STAR INTERNATIONAL HOTEL BRAND AND ACCEPTANCE OF TERM-LOAN FACILITY TOTALLING £152.5 MILLION BY PLAZA ON HYDE PARK LIMITED, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF MUIB
Quarterly rpt on consolidated results for the financial period ended 31/03/2024
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KKP ENTERPRISES SDN BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - SOO LAY HOLDINGS SDN BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KKP HOLDINGS SDN BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO' KHOO KAY PENG
WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATORMALAYAN UNITED INDUSTRIES BERHAD ("MUIB" or "the Company")
- Member's voluntary winding-up of a dormant wholly-owned subsidiary
KUALA LUMPUR: Malayan United Industries Bhd (MUIB) has proposed to dispose of 65.9% stake in Pan Malaysia Holdings Bhd (PMHB) for RM36.7mil.
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSMALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "COMPANY")
DISPOSAL BY LOYAL DESIGN SDN BHD, MUI MEDIA LTD AND MEGAWISE SDN BHD, THE SUBSIDIARIES OF MUIB, OF THE 612,123,222 ORDINARY SHARES, REPRESENTING 65.90% OF THE ISSUED SHARE CAPITAL OF PAN MALAYSIA HOLDINGS BERHAD FOR A TOTAL DISPOSAL CONSIDERATION OF RM36,727,393.32
Quarterly rpt on consolidated results for the financial period ended 31/12/2023
General Meetings: Outcome of Meeting
Quarterly rpt on consolidated results for the financial period ended 30/09/2023
WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATORMALAYAN UNITED INDUSTRIES BERHAD ("MUIB" or "the Company")
- Member's voluntary winding-up of a dormant wholly-owned subsidiary
Annual Report & CG Report - 2023
Statement to Shareholders in relation to the proposed renewal of authority for the purchase of own shares by Malayan United Industries Berhad
General Meetings: Notice of Meeting
Malayan United Industries Bhd has tied up with data technology provider Fusionex Group to launch a Metrojaya online marketplace as part of its digital transformation effort.
OTHERSMALAYAN UNITED INDUSTRIES BERHAD (the "Company")
- Proposed renewal of authority for the purchase of own shares by the Company
MATERIAL LITIGATIONMALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "THE COMPANY")
KUALA LUMPUR HIGH COURT ORIGINATING SUMMONS NO. WA-24NCC-73-02/2023 ("ACTION") AND NOTICE OF APPLICATION FOR INTERIM INJUNCTION ("INJUNCTION APPLICATION") FILED BY CHAN WENG FUI AGAINST MUIB, THE CURRENT ENTIRE BOARD OF DIRECTORS OF MUIB AND 10 OTHERS
Quarterly rpt on consolidated results for the financial period ended 30/06/2023
OTHERSMALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "COMPANY")
REVALUATION OF PROPERTIES
MATERIAL LITIGATIONMALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "THE COMPANY")
KUALA LUMPUR HIGH COURT ORIGINATING SUMMONS NO. WA-24NCC-73-02/2023 (ACTION) AND NOTICE OF APPLICATION FOR INTERIM INJUNCTION (INJUNCTION APPLICATION) FILED BY CHAN WENG FUI AGAINST MUIB, THE CURRENT ENTIRE BOARD OF DIRECTORS OF MUIB AND 10 OTHERS
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSMALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "COMPANY")
PROPOSED DISPOSAL BY LVH HOSPITALITY MANAGEMENT LIMITED, A WHOLLY-OWNED SUBSIDIARY OF LONDON VISTA HOTEL LIMITED, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MUI MEDIA LTD AND WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MUIB, OF THE ENTIRE SHARE CAPITAL OF FLAMEPRO LIMITED FOR A TOTAL DISPOSAL CONSIDERATION OF GBP1,750,000
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KKP HOLDINGS SDN BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - SOO LAY HOLDINGS SDN BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KKP ENTERPRISES SDN BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO' KHOO KAY PENG
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSMALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "COMPANY")
PROPOSED DISPOSAL BY LVH HOSPITALITY MANAGEMENT LIMITED, A WHOLLY-OWNED SUBSIDIARY OF LONDON VISTA HOTEL LIMITED, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MUI MEDIA LTD AND WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MUIB, OF THE ENTIRE SHARE CAPITAL OF FLAMEPRO LIMITED FOR A TOTAL DISPOSAL CONSIDERATION OF GBP1,750,000