Date : 22 May 2014

OTHERS PROPOSED DISPOSAL OF 30% EQUITY INTEREST IN NUZEN CORPORATION SDN BHD (“NUZEN”), RM58.5 MILLION SERIES A REDEEMABLE PREFERENCE SHARES AND RM54.0 MILLION NOMINAL VALUE REDEEMABLE SECURED JUNIOR BONDS IN KONSORTIUM LEBUHRAYA UTARA-TIMUR (KL) SDN BHD (“KESTURI”) TO EKOVEST BERHAD (“EKOVEST”) AND ITS SUBSIDIARIES

MALAYSIAN RESOURCES CORPORATION BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionPROPOSED DISPOSAL OF 30% EQUITY INTEREST IN NUZEN CORPORATION SDN BHD (“NUZEN”), RM58.5 MILLION SERIES A REDEEMABLE PREFERENCE SHARES AND RM54.0 MILLION NOMINAL VALUE REDEEMABLE SECURED JUNIOR BONDS IN KONSORTIUM LEBUHRAYA UTARA-TIMUR (KL) SDN BHD (“KESTURI”) TO EKOVEST BERHAD (“EKOVEST”) AND ITS SUBSIDIARIES

We refer to the announcement dated 29 January 2014 in relation to the Proposed Disposal. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the previous announcement in relation to the Proposed Disposal.

We wish to announce that all the conditions precedent set out in the Sale Agreement (“SA”) have been fulfilled/obtained (wherein it was mutually agreed by the Purchasers and MRCB that the completion by Ekovest of the rights issue exercise will not be required) and the SA has become unconditional on 21 May 2014.

c.c. Securities Commission



Announcement Info

Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB    
Date Announced22 May 2014  
CategoryGeneral Announcement
Reference NoMR-140522-64743