Date : 04 April 2014

OTHERS MALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR THE “COMPANY”) (I) EXECUTION OF HEADS OF AGREEMENT BETWEEN MRCB SENTRAL PROPERTIES SDN BHD (“MSP”), A WHOLLY-OWNED SUBSIDIARY OF MRCB AND MAYBANK TRUSTEES BERHAD, ACTING AS TRUSTEE FOR QUILL CAPITA TRUST (“QCT”), IN RELATION TO THE PROPOSED DISPOSAL (II) EXECUTION OF HEADS OF AGREEMENT BETWEEN MRCB, QUILL RESOURCES HOLDINGS SDN BHD (“QRHSB”), CAPITALAND RECM PTE LTD (“CRPL”) AND COAST CAPITAL SDN BHD (“CCSB”) TO ACQUIRE EQUITY INTERESTS IN QUILL CAPITA MANAGEMENT SDN BHD (“QCM”), BEING THE MANAGEMENT COMPANY OF QCT, IN RELATION TO THE PROPOSED SHARES ACQUISITIONS

MALAYSIAN RESOURCES CORPORATION BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionMALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR THE “COMPANY”)

(I) EXECUTION OF HEADS OF AGREEMENT BETWEEN MRCB SENTRAL PROPERTIES SDN BHD (“MSP”), A WHOLLY-OWNED SUBSIDIARY OF MRCB AND MAYBANK TRUSTEES BERHAD, ACTING AS TRUSTEE FOR QUILL CAPITA TRUST (“QCT”), IN RELATION TO THE PROPOSED DISPOSAL

(II) EXECUTION OF HEADS OF AGREEMENT BETWEEN MRCB, QUILL RESOURCES HOLDINGS SDN BHD (“QRHSB”), CAPITALAND RECM PTE LTD (“CRPL”) AND COAST CAPITAL SDN BHD (“CCSB”) TO ACQUIRE EQUITY INTERESTS IN QUILL CAPITA MANAGEMENT SDN BHD (“QCM”), BEING THE MANAGEMENT COMPANY OF QCT, IN RELATION TO THE PROPOSED SHARES ACQUISITIONS

(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in the announcement dated 29 January 2014.)

We refer to the announcement dated 29 January 2014 in relation to the above matter.

On behalf of the Board of Directors of MRCB, CIMB Investment Bank Berhad (“CIMB”) and RHB Investment Bank Berhad (“RHB”) (collectively, the “Joint Advisers”) wish to announce that the parties to the heads of agreements executed on 29 January 2014 in relation to the Proposed Disposal and the Proposed Shares Acquisitions have mutually agreed (via the execution of extension letters dated 4 April 2014) that in view of the on-going negotiations, the Cut-Off Date for the execution of the SPA and the SSAs in relation to the Proposed Disposal and the Proposed Shares Acquisitions respectively, shall be extended to 10 April 2014 (inclusive).

This announcement is dated 4 April 2014.

 

 

 



Announcement Info

Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB    
Date Announced4 Apr 2014  
CategoryGeneral Announcement
Reference NoMM-140404-65522