TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RECURRENT RELATED PARTY TRANSACTIONS RECURRENT RELATED PARTY TRANSACTION OF A REVENUE NATURE OR TRADING NATURE - ACQUISITION OF OFFICE SUITE AT Q SENTRAL BY GAPURNA SDN BH
| MALAYSIAN RESOURCES CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
| Description | RECURRENT RELATED PARTY TRANSACTION OF A REVENUE NATURE OR TRADING NATURE - ACQUISITION OF OFFICE SUITE AT Q SENTRAL BY GAPURNA SDN BH |
Pursuant to Paragraph 10.09(1)(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce that Cosy Bonanza Sdn Bhd (“Cosy”), had today, entered into a Sale and Purchase Agreement with Gapurna Sdn Bhd (“Gapurna”), a major shareholder of the Company for the sale of one unit of office suite at Level 35, Q Sentral, Kuala Lumpur Sentral, measuring approximately 15,917 sq ft at a consideration of RM19,100,400. The transaction with Gapurna is regarded as Recurrent Related Party Transaction (“RRPT”) by virtue of Gapurna being a substantial shareholder of the Company and the highest percentage ratio computed based on the Company’s net assets of RM1.675 billion is 1.14%.
Please refer to the attachment on the details of the announcement. | |
Announcement Info
| Company Name | MALAYSIAN RESOURCES CORPORATION BERHAD |
| Stock Name | MRCB |
| Date Announced | 30 Mar 2015 |
| Category | General Announcement |
| Reference No | MR-150330-63648 |
