OTHERS ACCEPTANCE OF CONTRACTS
MALAYSIAN RESOURCES CORPORATION BERHAD |
Type | Announcement | ||||||||||||||||
Subject | OTHERS |
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Description | ACCEPTANCE OF CONTRACTS |
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Malaysian Resources Corporation Berhad (“MRCB” or “the Company”) is pleased to announce that it had today accepted the award of contract for the construction of a Conference Centre, Desa Desaru and Westin Desaru Resort at Desaru Coast for a total contract price of RM485 million from Destination Resorts and Hotel (“DRH”). DRH was established in 2010 by the Malaysian Government’s investment arm, Khazanah Nasional Berhad. It is the stragegic owner and developer of Desaru Coast, a world class premier travel destination within the region which is located on Johor East Coast. On 18 June 2015, DRH through its subsidiary companies had awarded the 3 construction projects to MRCB on the following terms:
The construction period of the above projects is between 19 to 21 months from the date of site possession of 25 June 2015. All the above projects are expected to contribute positively to the future earnings of MRCB Group. None of the Directors, substantial shareholders and/or persons connected with any Director or a substantial shareholder of the Company, have any interest, direct or indirect, in all the above projects. |
Announcement Info
Company Name | MALAYSIAN RESOURCES CORPORATION BERHAD |
Stock Name | MRCB |
Date Announced | 24 Jun 2015 |
Category | General Announcement for PLC |
Reference Number | GA1-24062015-00060 |