Date : 14 April 2014

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS PROPOSED LAND ACQUISITION FROM BISRAYA ACRES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF GAPURNA SDN BHD

MALAYSIAN RESOURCES CORPORATION BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionPROPOSED LAND ACQUISITION FROM BISRAYA ACRES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF GAPURNA SDN BHD

Malaysian Resources Corporation Berhad (“MRCB” or “the Company”) wishes to announce that it had today entered into a Sale and Purchase Agreement with Bisraya Acres Sdn Bhd (“Bisraya Acres”), a wholly-owned subsidiary of Gapurna Sdn Bhd (“GSB”), to acquire 3 parcels of land measuring 617,452 sq. ft. in total (419,158 sq. ft. for 2 parcels of residential land and 198,294 sq. ft. of commercial land) located in Bukit Rahman Putra, Sungai Buloh (“the Properties”) from Bisraya Acres for a total cash consideration of RM83.0 million (“the Purchase Price”) (“Proposed Land Acquisition”)

Please refer to the attachment for detailed announcement.



Announcement Info

Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB    
Date Announced14 Apr 2014  
CategoryGeneral Announcement
Reference NoMR-140414-66841