Date : 10 April 2014

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): COMBINATION OF TRANSACTIONS MALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR THE “COMPANY”) (I) PROPOSED DISPOSAL; AND (II) PROPOSED SHARES ACQUISITIONS

MALAYSIAN RESOURCES CORPORATION BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
COMBINATION OF TRANSACTIONS
DescriptionMALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR THE “COMPANY”)

(I) PROPOSED DISPOSAL; AND

(II) PROPOSED SHARES ACQUISITIONS

We refer to the announcement dated 29 January 2014 with regards to the execution of the heads of agreements by MRCB and its wholly-owned subsidiary, MRCB Sentral Properties Sdn Bhd (“MSP”), in relation to the Proposed Disposal (as defined herein) and the Proposed Shares Acquisitions (as defined herein) (“HOAs”).

On behalf of the Board of Directors of MRCB (“Board”), CIMB Investment Bank Berhad (“CIMB”) and RHB Investment Bank Berhad (“RHB”) (collectively, the “Joint Advisers”) wish to announce that on 10 April 2014, MSP had entered into a conditional sale and purchase agreement with Maybank Trustees Berhad (“MTB” or “Purchaser”), acting solely in the capacity as trustee for Quill Capita Trust, a real estate investment trust (“REIT”) (“QCT”), for the disposal of Platinum Sentral (as defined herein) for a total disposal consideration of RM750 million (“Disposal Consideration”), of which RM486 million will be satisfied in cash and RM264 million will be satisfied via the proposed issuance of 206.25 million units in QCT (“Units”) (“Consideration Units”) at an issue price of RM1.28 per Unit (“Platinum SPA”) (“Proposed Disposal”).

Simultaneous with the execution of the Platinum SPA, MRCB had entered into share sale agreements with CapitaLand RECM Pte Ltd (“CRPL”) and Coast Capital Sdn Bhd (“CCSB”) to acquire 40% equity interests and 1% equity interest in Quill Capita Management Sdn Bhd (“QCM” or “REIT Manager”) (being the management company of QCT) respectively, for a total purchase consideration of RM5,882,835.80 in cash (“Proposed Shares Acquisitions”).

CRPL and CCSB are the existing shareholders of QCM holding 40% and 30% equity interests in QCM respectively as at 10 April 2014.

The Proposed Disposal and the Proposed Shares Acquisitions are collectively referred to as the “Proposals”.

Please refer to the attached file for the full announcement on the Proposals.

This announcement is dated 10 April 2014.

 

Attachments

MRCB Announcement.pdf
258 KB



Announcement Info

Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB    
Date Announced10 Apr 2014  
CategoryGeneral Announcement
Reference NoMM-140410-67542