Date : 09 September 2014

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS MALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR THE “COMPANY”) (III) PROPOSED DISPOSAL; AND (IV) PROPOSED SHARES ACQUISITIONS (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

MALAYSIAN RESOURCES CORPORATION BERHAD

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

(III) PROPOSED DISPOSAL; AND

(IV) PROPOSED SHARES ACQUISITIONS

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in the announcement dated 10 April 2014.)

We refer to the announcements dated 29 January 2014, 4 April 2014, 10 April 2014, 15 April 2014, 9 June 2014 and 11 July 2014 in respect of the Proposals.

On behalf of the Board, CIMB and RHB wish to announce that the Independent Property Valuer had via its letter dated 9 September 2014 informed MRCB that the market value of Platinum Sentral will be revised from RM750 million to RM740 million (“Revision”). The downward adjustment of the market value represents approximately 1.33% of the initial market value.

Arising from the Revision and in accordance with the terms of the Platinum SPA, the Disposal Consideration for Platinum Sentral will be adjusted from RM750 million to RM740 million, and the difference of RM10 million will be adjusted from the cash portion of the Disposal Consideration.

This announcement is dated 9 September 2014.

 

 

 

 

 

 

 

 



Announcement Info

Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB    
Date Announced9 Sept 2014  
CategoryGeneral Announcement
Reference NoMM-140909-40438