[MAYU]: MAYU GLOBAL GROUP BERHAD

02-Aug-2024

05-Aug-2024

No

Acquisitions

MAYU GLOBAL GROUP BERHAD ("MAYU") ACQUISITION BY PARK AVENUE CONSTRUCTION SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAYU, OF THE FOLLOWING: (I) 1 PARCEL OF FREEHOLD LAND WITH TITLE NO. GRN 29012, LOT NO. 5785, MUKIM 12, DAERAH BARAT DAYA, PULAU PINANG FROM LIMBONGAN BATU MAUNG SDN BHD FOR RM7,500,000 ("ACQUISITION OF LOT NO. 5785"); (II) 1 PARCEL OF LEASEHOLD LAND WITH TITLE NO. HSD 25191, LOT NO. PT 6572, MUKIM 12, DAERAH BARAT DAYA, PULAU PINANG FROM LIMBONGAN BATU MAUNG SDN BHD FOR RM9,500,000 ("ACQUISITION OF LOT NO. PT 6572"); AND (III) 1 PARCEL OF LEASEHOLD LAND WITH TITLE NO. HSD 25241, LOT NO. PT 6602, MUKIM 12, DAERAH BARAT DAYA, PULAU PINANG FROM UTOPIA SPAN SDN BHD FOR RM11,000,000 ("ACQUISITION OF LOT NO. PT 6602"), FOR A TOTAL PURCHASE CONSIDERATION OF RM28,000,000, TO BE SATISFIED VIA THE ISSUANCE OF 114,285,600 NEW ORDINARY SHARES IN MAYU AT AN ISSUE PRICE OF RM0.245 EACH ("CONSIDERATION SHARES") ("ACQUISITION")

38,775,500

Malaysian Ringgit (MYR) 0.245

0.000

482,490,648