Date : 05 March 2014

MATERIAL LITIGATION Kuala Lumpur High Court Civil Suit No. 22NCC-438-06/2013 PKNS Holdings Sdn Bhd v. 1. Nusa Gapurna Development Sdn Bhd 2. Malaysian Resources Corporation Berha

MALAYSIAN RESOURCES CORPORATION BERHAD

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionKuala Lumpur High Court Civil Suit No. 22NCC-438-06/2013
PKNS Holdings Sdn Bhd v.
1. Nusa Gapurna Development Sdn Bhd
2. Malaysian Resources Corporation Berha

Further to the Company’s announcement on 27 February 2014, the Board of Directors of MRCB wishes to announce that the Company through its solicitors has today been served with a sealed copy of the Notice of Application for an Erinford Injunction dated 3 March 2014 by the solicitors of PKNS Holdings Sdn Bhd (“PKNS”).

In its application, PKNS has sought the order to restrain the Company and Nusa Gapurna Development Sdn Bhd from taking any action or steps to perform or implement that part of the Share Sale Agreement dated 8 February 2013 with regards to the Company’s proposed acquisition of 70% equity interest in P.J. Sentral Development Sdn Bhd pending the hearing and final disposal of PKNS’s appeal to the Court of Appeal.

The hearing for the application has been fixed on 7 March 2014.



Announcement Info

Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB    
Date Announced5 Mar 2014  
CategoryGeneral Announcement
Reference NoMR-140305-62119