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Bursa Announcement
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Date : 31 March 2015

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS TRANSFER OF MALAYSIAN RESOURCES CORPORATION BERHAD’S 100% EQUITY INTEREST IN LOTUS TERRAIN SDN BHD TO DMIA (M) SDN BHD IN CONSIDERATION FOR TRANSFER OF DMIA (M) SDN BHD’S 30% EQUITY INTEREST IN COUNTRY ANNEXE SDN BHD TO MALAYSIAN RESOURCES CORPORATION BERHAD (“SHARE SWAP”); AND DISPOSAL OF MALAYSIAN RESOURCES CORPORATION BERHAD’S 70% EQUITY INTEREST IN PARADIGMA BERKAT SDN BHD TO DMIA (M) SDN BHD FOR A CONSIDERATION OF RM39,010,808 (“DISPOSAL”) COLLECTIVELY REFERRED TO AS “PROPOSALS”

MALAYSIAN RESOURCES CORPORATION BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionTRANSFER OF MALAYSIAN RESOURCES CORPORATION BERHAD’S 100% EQUITY INTEREST IN LOTUS TERRAIN SDN BHD TO DMIA (M) SDN BHD IN CONSIDERATION FOR TRANSFER OF DMIA (M) SDN BHD’S 30% EQUITY INTEREST IN COUNTRY ANNEXE SDN BHD TO MALAYSIAN RESOURCES CORPORATION BERHAD (“SHARE SWAP”); AND
DISPOSAL OF MALAYSIAN RESOURCES CORPORATION BERHAD’S 70% EQUITY INTEREST IN PARADIGMA BERKAT SDN BHD TO DMIA (M) SDN BHD FOR A CONSIDERATION OF RM39,010,808 (“DISPOSAL”)
COLLECTIVELY REFERRED TO AS “PROPOSALS”

Malaysian Resources Corporation Berhad (“MRCB” or “the Company”) is pleased to announce that it had today entered into the following agreements with DMIA (M) Sdn Bhd (“DMIA”) :

  •  Share Swap Agreement on the transfer of MRCB’s 100% equity interest in Lotus Terrain Sdn Bhd (“LTSB”) to DMIA in consideration for the transfer of DMIA’s 30% equity interest in Country Annexe Sdn Bhd (“CASB”) to MRCB; and
  • Share Sale Agreement on the disposal of MRCB’s 70% equity interest in Paradigma Berkat Sdn Bhd (“PBSB”) to DMIA for a consideration of RM39,010,808.

Please refer to the attachment on the details of the announcement.



Announcement Info

Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB    
Date Announced31 Mar 2015  
CategoryGeneral Announcement
Reference NoMR-150331-65561