Date : 07 April 2011

OTHERS: PROPOSED ACQUISITION OF 200,000 ORDINARY SHARES OF RM1.00 EACH REPRESENTING THE ENTIRE EQUITY INTEREST IN 59 INC SDN. BHD. (“59iNC”) FROM FADZIL BIN AHMAD, USMAN BIN SURATMAN AND MOHD. SHAMIR BIN MOHD. HASSAN (TO BE COLLECTIVELY REFERRED TO AS “VENDORS”) FOR A TOTAL CASH CONSIDERATION OF UP TO RM110,000,000 (“PROPOSED ACQUISITION”)

MALAYSIAN RESOURCES CORPORATION BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionPROPOSED ACQUISITION OF 200,000 ORDINARY SHARES OF RM1.00 EACH REPRESENTING THE ENTIRE EQUITY INTEREST IN 59 INC SDN. BHD. (“59iNC”) FROM FADZIL BIN AHMAD, USMAN BIN SURATMAN AND MOHD. SHAMIR BIN MOHD. HASSAN (TO BE COLLECTIVELY REFERRED TO AS “VENDORS”) FOR A TOTAL CASH CONSIDERATION OF UP TO RM110,000,000 (“PROPOSED ACQUISITION”)

The Board of Directors of MRCB (“Board”) is pleased to announce that MRCB had on 7 April 2011 entered into a Share Sale Agreement (“SSA”) with the Vendors in relation to the Proposed Acquisition, the particulars of which are set out in the attached announcement.



Announcement Info

Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB    
Date Announced7 Apr 2011  
CategoryGeneral Announcement
Reference NoMR-110407-67716