MEDIA CHINESE Sells Canadian Property for CAD9.90 Million

Bulletin Express

03/31

Media Chinese International Limited (MEDIA CHINESE) has agreed to dispose of a Canadian property for CAD9.90 million (approximately US$7.15 million or RM28.65 million).

The consideration was finalised after the listing price was reduced from CAD11.80 million in October 2025 to CAD9.90 million in March 2026, a move the company attributes to the cessation of its Canadian media operations and broader geopolitical uncertainties. Multiple offers were received at the revised price, with the final figure reached through arm’s-length negotiations.

No third-party valuation was undertaken for the asset. According to the latest audited accounts (31 March 2025), the property carried a net book value of CAD1.11 million (US$0.80 million or RM3.21 million) and was free of encumbrances.

The transaction is classified as a non-related-party transaction under Chapter 10 of Bursa Malaysia’s Listing Requirements. MEDIA CHINESE has not disclosed further details on the asset or the deployment of proceeds.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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