Date : 04 November 2014

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS MALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR “COMPANY”) PROPOSED SUBSCRIPTION OF NEW ORDINARY SHARES OF RM1.00 EACH, REPRESENTING 70% EQUITY INTEREST IN KWASA DEVELOPMENT (2) SDN BHD (“KDSB”), A SPECIAL PURPOSE VEHICLE INCORPORATED TO UNDERTAKE THE MIXED DEVELOPMENT OF 64.07 ACRES OF LAND (“MX-1 LAND”) IDENTIFIED TO BE THE TOWN CENTRE OF THE PROPOSED KWASA DAMANSARA TOWNSHIP (“PROJECT MX-1”) FOR A SUBSCRIPTION PAYMENT OF APPROXIMATELY RM816.6 MILLION (“PROPOSED SUBSCRIPTION”)

MALAYSIAN RESOURCES CORPORATION BERHAD

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

PROPOSED SUBSCRIPTION OF NEW ORDINARY SHARES OF RM1.00 EACH, REPRESENTING 70% EQUITY INTEREST IN KWASA DEVELOPMENT (2) SDN BHD (“KDSB”), A SPECIAL PURPOSE VEHICLE INCORPORATED TO UNDERTAKE THE MIXED DEVELOPMENT OF 64.07 ACRES OF LAND (“MX-1 LAND”) IDENTIFIED TO BE THE TOWN CENTRE OF THE PROPOSED KWASA DAMANSARA TOWNSHIP (“PROJECT MX-1”) FOR A SUBSCRIPTION PAYMENT OF APPROXIMATELY RM816.6 MILLION (“PROPOSED SUBSCRIPTION”)

We refer to the announcement dated 14 August 2014 in relation to the Proposed Subscription (“Initial Announcement”).

On behalf of the Board of Directors of MRCB, Maybank Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 4 November 2014, granted MRCB an extension of time until 31 December 2014 for the submission of the draft circular in relation to the Proposed Subscription to Bursa Securities.


This Announcement is dated 4 November 2014. 



Announcement Info

Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB    
Date Announced4 Nov 2014  
CategoryGeneral Announcement
Reference NoMI-141104-56537