Date : 24 July 2014

OTHERS PROPOSED ACQUISITION OF 51% EQUITY INTEREST IN PENANG SENTRAL SDN BHD FROM PELABURAN HARTANAH BERHAD

MALAYSIAN RESOURCES CORPORATION BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionPROPOSED ACQUISITION OF 51% EQUITY INTEREST IN PENANG SENTRAL SDN BHD FROM PELABURAN HARTANAH BERHAD

Malaysian Resources Corporation Berhad (“MRCB” or “the Company”) is pleased to announce that it had today entered into a Share Sale Agreement (“SSA”) with Pelaburan Hartanah Berhad (“PHB”) to acquire all of PHB’s 51% equity interest in Penang Sentral Sdn Bhd (“PSSB”) for a total cash consideration of RM50,751,000.

Please refer to the attachment for detailed announcement.

 


Announcement Info

Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB    
Date Announced24 Jul 2014  
CategoryGeneral Announcement
Reference NoMR-140724-62866