DateTitle

4 May

CIRCULAR TO SHAREHOLDERS IN RELATION TO:- PART A- MANAGEMENT CONTRACT BETWEEN KWASA SENTRAL SDN BHD ("KSSB"), A 70%-OWNED SUBSIDIARY OF MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB"), AND MRCB LAND SDN BHD ("MRCB LAND"), A WHOLLY-OWNED SUBSIDIARY OF MRCB, FOR THE APPOINTMENT OF MRCB LAND AS THE MANAGEMENT CONTRACTOR IN CONNECTION WITH THE DEVELOPMENT AND CONSTRUCTION OF A MIXED DEVELOPMENT IDENTIFIED TO BE THE TOWN CENTRE OF THE KWASA DAMANSARA TOWNSHIP, ON A PIECE OF LAND OWNED BY KSSB MEASURING 64.30 ACRES KNOWN AS MX-1, HELD UNDER HSD 315671, LOT NO. PT50854, MUKIM SUNGAI BULOH, DAERAH PETALING, SELANGOR DARUL EHSAN, FOR A PROVISIONAL TOTAL PROJECT SUM OF RM7,461,991,606 PAYABLE IN CASH ("PROPOSED MX-1 CONSTRUCTION") PART B- INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED SHAREHOLDERS OF MRCB IN RELATION TO THE PROPOSED MX-1 CONSTRUCTION PART C- (I) PROPOSED JOINT VENTURE BETWEEN RUKUN JUANG SDN BHD ("RJSB"), AN 85%-OWNED SUBSIDIARY OF MRCB LAND, AND TANJUNG WIBAWA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE EMPLOYEES PROVIDENT FUND BOARD, FOR THE PURPOSE OF DEVELOPING THREE (3) PARCELS OF LEASEHOLD LAND LOCATED IN BUKIT JALIL, KUALA LUMPUR ("LANDS") ("PROPOSED JOINT VENTURE"); AND (II) MANAGEMENT CONTRACT BETWEEN BUKIT JALIL SENTRAL PROPERTY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF RJSB, AND MRCB LAND FOR THE APPOINTMENT OF MRCB LAND AS THE MANAGEMENT CONTRACTOR IN CONNECTION WITH THE DEVELOPMENT AND CONSTRUCTION OF A MIXED DEVELOPMENT ON THE LANDS FOR A PROVISIONAL TOTAL PROJECT SUM OF RM11,007,326,245 PAYABLE IN CASH ("PROPOSED CONSTRUCTION") PART D- INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED SHAREHOLDERS OF MRCB IN RELATION TO THE PROPOSED JOINT VENTURE AND PROPOSED CONSTRUCTION