TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MANAGEMENT CONTRACT BETWEEN KWASA UTAMA SDN BHD AND MRCB FOR THE APPOINTMENT OF MRCB AS THE MANAGEMENT CONTRACTOR IN CONNECTION WITH THE DEVELOPMENT AND CONSTRUCTION OF A COMMERCIAL DEVELOPMENT NAMED KWASA UTAMA ON A PIECE OF LAND OWNED BY KUSB MEASURING 29.82 ACRES KNOWN AS PLOT C8 (PART OF LOT 85112) KWASA DAMANSARA, MUKIM SUNGAI BULOH, DAERAH PETALING, SEKSYEN U4, 40160 SHAH ALAM, SELANGOR DARUL EHSAN FOR A PROVISIONAL TOTAL CONTRACT SUM OF RM3,145,493,294 (PROPOSED CONSTRUCTION)
| MALAYSIAN RESOURCES CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | MANAGEMENT CONTRACT BETWEEN KWASA UTAMA SDN BHD AND MRCB FOR THE APPOINTMENT OF MRCB AS THE MANAGEMENT CONTRACTOR IN CONNECTION WITH THE DEVELOPMENT AND CONSTRUCTION OF A COMMERCIAL DEVELOPMENT NAMED KWASA UTAMA ON A PIECE OF LAND OWNED BY KUSB MEASURING 29.82 ACRES KNOWN AS PLOT C8 (PART OF LOT 85112) KWASA DAMANSARA, MUKIM SUNGAI BULOH, DAERAH PETALING, SEKSYEN U4, 40160 SHAH ALAM, SELANGOR DARUL EHSAN FOR A PROVISIONAL TOTAL CONTRACT SUM OF RM3,145,493,294 (PROPOSED CONSTRUCTION) |
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On behalf of the Board of Directors of Malaysian Resources Corporation Berhad ("MRCB") (“Board”), RHB Investment Bank Berhad wishes to announce that MRCB had, on 28 October 2015, entered into a management contract with Kwasa Utama Sdn Bhd (formerly known as Kwasa Development (1) Sdn Bhd) (“KUSB”) whereby KUSB has appointed MRCB as the Management Contractor to provide services in connection with the development and construction of a commercial development named Kwasa Utama on a piece of land owned by KUSB measuring 29.82 acres known as Plot C8 (part of Lot 85112) Kwasa Damansara, Mukim Sungai Buloh, Daerah Petaling, Sekysen U4, 40160 Shah Alam, Selangor Darul Ehsan for a provisional total contract sum of RM3,145,493,294 (“Proposed Construction”).
Further details of the Proposed Construction are set out in the attachment below.
This Announcement is dated 28 October 2015. |
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Please refer attachment below.
Announcement Info
| Company Name | MALAYSIAN RESOURCES CORPORATION BERHAD |
| Stock Name | MRCB |
| Date Announced | 28 Oct 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28102015-00119 |
