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Date : 02 February 2005

ARTICLE ENTITLED: MRCB-UDA SHARE SWAP RATIO FINALISED

MALAYSIAN RESOURCES CORPORATION BERHAD

Type

Reply to query
Reply to Bursa Malaysia's Query Letter - Reference IDKM-050131-59330
SubjectARTICLE ENTITLED: MRCB-UDA SHARE SWAP RATIO FINALISED

Contents :


We refer to the letter from Bursa Malaysia dated 31 January 2005 and to the article which appeared on page 1 of The Edge of even date.

We confirm that Malaysian Resources Corporation Berhad (MRCB) is presently reviewing its investments, including its investments in UDA Holdings Berhad, and is continuously exploring opportunities for growth to enhance shareholders' value. However, we wish to clarify in this matter that MRCB has not entered into any agreement with any party relating to the further acquisition of shares in UDA Holdings Berhad.

We will make the appropriate announcement to Bursa Malaysia in accordance with the Listing Requirements, as and when required.


c.c. Securities Commission (via fax)

Query Letter Contents :

We refer to the above article appearing in The Edge, page 1 on Monday, 31
January 2005, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined
sentences, which are reproduced as follows:-
"...MRCB increasing its holding in UDA from 24.93% now to more than
70%...through a share swap."
"...each UDA shareholder will be offered 2.5 MRCB shares. Some warrants will
also be thrown in as "sweeteners..."
In accordance with Bursa Malaysia Securities Berhad's ("Bursa Securities")
Corporate Disclosure Policy, you are requested to furnish Bursa Securities with
an announcement for public release confirming or denying the above reported
article and in particular the underlined sentences after due and diligent
enquiry with all the directors, major shareholders and all such other persons
reasonably familiar with the matters about which the disclosure is to be made
in this respect. In the event you deny the above sentences or any other part of
the above article, you are required to set forth facts sufficient to clarify
any misleading aspects of the same. In the event you confirm the above
sentences or any other part of the above article, you are required to set forth
facts sufficient to support the same.




Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.

Yours faithfully


INDERJIT SINGH
Sector Head
Issues & Listing
Group Regulations
CKM
Copy to : Securities Commission (via fax)



Announcement Info

Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB    
Date Announced2 Feb 2005  
CategoryGeneral Announcement
Reference NoMR-050202-61269