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Malaysian Resources Corporation Berhad (“MRCB” or “the Company”) is pleased to announce that its wholly-owned subsidiary, Gelanggang Harapan Construction Sdn Bhd  had on 1 October 2013 accepted the award from GCH Retail (Malaysia) Sdn Bhd to construct Giant Hypermarkets at Danau Kota, Setapak, Kuala Lumpur  (“Giant Danau Kota”) and Kampar, Perak (“Giant Kampar”) on  a Design and Build basis.

The total contract sum is RM80.8 million where RM45.8 million is for Giant Danau Kota and RM35.0 million is for Giant Kampar.

The 11/2 storey Giant Danau Kota will be constructed  on Lot 23341, 23344, PT8750 and a part of Lot 23343, Off Jalan Genting Kelang, Taman Danau Kota, Mukim Setapak, Wilayah Persekutuan within 12 months and to be completed by October 2014. 

The 11/2 storey Giant Kampar will be constructed  on part of Lot 308020-308097, Plot 2 and Plot 3, Mukim Kampar, Daerah Kinta, Perak within 10 months and to be completed by  August 2014.

Both projects are expected to contribute positively to the future earnings of MRCB Group.

None of the Directors, substantial shareholders and/or persons connected with any Director or a substantial shareholder of the Company, have any interest, direct or indirect, in both projects.