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Malaysian Resources Corporation Berhad (“MRCB” or “the Company”) is pleased to announce that it had today accepted the contract from Desaru Peace Holdings Villas Sdn Bhd to undertake the “Proposed Construction and Completion of Central Facilities, Conference Centre, SPA, Carpark with M&E Rooms and Back of House Facilities and Related Supporting Facilities (Exclude Structural Works), 46 Units of Club Suite (Exclude Structural Works), 2 Units of Prototype Villa (Exclude Structural Works), a Beach Club, a Recreational Club, Remote Back of House and Overall infrastructure Works on Part of PTD 2486 (LOT 2238), PTD 1412 (LOT 1624), PTD 1413 (LOT 1635) and Part of PTD 2460, Mukim Pantai Timur, Daerah Kota Tinggi, Johor Darul Takzim” at a contract sum RM141,000,000.00 only. 

The Construction period for the works is 87 weeks from the date of site possession which is 3 weeks from the date of the Letter of Acceptance.

The project is expected to contribute positively to the future earnings of MRCB.

None of the Directors, substantial shareholders and/or person connected with any Director or a substantial shareholder of the Company, have any interest, direct or indirect, in the project.