Bursa Announcement
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Date : 30 September 2011
OTHERS MALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR “COMPANY”) THE DISPOSAL OF THE AGGREGATE FACE AMOUNT OF RM199 MILLION NOMINAL VALUE OF PRIMARY PROMISSORY NOTES (“PRIMARY JUNIOR SUKUK”) AND NON-DETACHABLE SECONDARY PROMISSORY NOTES (“SECONDARY JUNIOR SUKUK”) TO THE NATIONAL AGRICULTURAL COOPERATIVE FEDERATION (“PURCHASER”) FOR A CASH CONSIDERATION OF RM230 MILLION (“DISPOSAL”) (BOTH PRIMARY JUNIOR SUKUK AND SECONDARY JUNIOR SUKUK ARE HEREIN COLLECTIVELY REFERRED TO AS “JUNIOR SUKUK”)
| MALAYSIAN RESOURCES CORPORATION BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | MALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR “COMPANY”) THE DISPOSAL OF THE AGGREGATE FACE AMOUNT OF RM199 MILLION NOMINAL VALUE OF PRIMARY PROMISSORY NOTES (“PRIMARY JUNIOR SUKUK”) AND NON-DETACHABLE SECONDARY PROMISSORY NOTES (“SECONDARY JUNIOR SUKUK”) TO THE NATIONAL AGRICULTURAL COOPERATIVE FEDERATION (“PURCHASER”) FOR A CASH CONSIDERATION OF RM230 MILLION (“DISPOSAL”) (BOTH PRIMARY JUNIOR SUKUK AND SECONDARY JUNIOR SUKUK ARE HEREIN COLLECTIVELY REFERRED TO AS “JUNIOR SUKUK”) |
The Company wishes to announce that MRCB had today entered into a Junior Sukuk Transfer Agreement (“JSTA”) with the Purchaser in relation to the Disposal. The Purchaser enters into the JSTA in its capacity as the trustee for HanaDaol Landchip Malaysia JB Private Real Estate Fund Investment Trust No. 34 (“REF Trust”) and upon the management instruction of HanaDaol Fund Management Co., Ltd., (“AMC”) as the asset manager of REF Trust. The details of the Disposal are set out in the attached document. | |
Announcement Info
| Company Name | MALAYSIAN RESOURCES CORPORATION BERHAD |
| Stock Name | MRCB |
| Date Announced | 30 Sept 2011 |
| Category | General Announcement |
| Reference No | MR-110930-61136 |
