Bursa Announcement
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Date : 07 April 2015
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY LEGASI AZAM SDN BHD OF A PARCEL OF LAND WITH DEVELOPMENT POTENTIAL FROM THE GOVERNMENT OF THE FEDERAL REPUBLIC OF GERMANY FOR A TOTAL CASH CONSIDERATION OF RM259,155,708 (“PROPOSED ACQUISITION”)
| MALAYSIAN RESOURCES CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION BY LEGASI AZAM SDN BHD OF A PARCEL OF LAND WITH DEVELOPMENT POTENTIAL FROM THE GOVERNMENT OF THE FEDERAL REPUBLIC OF GERMANY FOR A TOTAL CASH CONSIDERATION OF RM259,155,708 (“PROPOSED ACQUISITION”) |
Malaysian Resources Corporation Berhad (“MRCB” or “Company”) is pleased to announce that Legasi Azam Sdn Bhd (“Legasi Azam”), a wholly-owned subsidiary of MRCB Land Sdn Bhd, which in turn is a wholly-owned subsidiary of the Company had today entered into a Sale and Purchase Agreement (“SPA”) with The Government of The Federal Republic of Germany (“Vendor”) for the acquisition of a parcel of land together with buildings erected thereon held under Geran 34211, Lot 94, Seksyen 58, Bandar and Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur (“German Embassy Land”) for a cash consideration of RM259,155,708 (“Purchase Consideration”). Please refer to the attachment for detailed announcement. | |
Announcement Info
| Company Name | MALAYSIAN RESOURCES CORPORATION BERHAD |
| Stock Name | MRCB |
| Date Announced | 7 Apr 2015 |
| Category | General Announcement |
| Reference No | MR-150407-37687 |
