General Announcement

31/03/2010

Media Chinese International Limited (the "Company") - Completion of Proposed Acquisition of the Sale Property by Sin Chew Media Corporation Berhad (Sin Chew), a wholly-owned subsidiary of the Company, from Rimbunan Hijau Estate Sdn Bhd (RHE) and the Reimbursement of the Cost of Constructing the New Office Building (Pursuant to paragraph 9.19(47)(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad)

MEDIA CHINESE INTERNATIONAL LIMITED

TypeAnnouncement
SubjectMedia Chinese International Limited (the "Company")
- Completion of Proposed Acquisition of the Sale Property by Sin Chew Media Corporation Berhad (Sin Chew), a wholly-owned subsidiary of the Company, from Rimbunan Hijau Estate Sdn Bhd (RHE) and the Reimbursement of the Cost of Constructing the New Office Building
(Pursuant to paragraph 9.19(47)(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad)
ContentsReference is made to the announcement dated 11 September 2008 and the ordinary resolution passed at the special general meeting of the Company on 13 November 2008 whereby Sin Chew and RHE entered into the Supplemental Sale and Purchase Agreement in relation to the acquisition of the Sale Property and the construction of the New Office Building (the Transaction).

The Company wishes to announce that the individual subdivided titles of the land have been issued and the conditions precedent have been met. The remaining balance of the consideration of the Transaction was paid in full on 31 March 2010, hence the Transaction is completed in accordance with terms and conditions of the Supplemental Sale and Purchase Agreement dated 11 September 2008.

This announcement is dated 31 March 2010.

Announcement Info

Company NameMEDIA CHINESE INTERNATIONAL LIMITED  
Stock Name MEDIAC
Date Announced31 Mar 2010  
CategoryGeneral Announcement
Reference NoMC-100326-54980

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