TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS EXECUTION OF HEADS OF AGREEMENT BETWEEN 348 SENTRAL SDN BHD (348 SENTRAL), A WHOLLY-OWNED SUBSIDIARY OF MRCB AND MRCB-QUILL REIT (MQ REIT) IN RELATION TO THE PROPOSED DISPOSAL OF MENARA SHELL BY 348 SENTRAL TO MQ REIT
| MALAYSIAN RESOURCES CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | EXECUTION OF HEADS OF AGREEMENT BETWEEN 348 SENTRAL SDN BHD (348 SENTRAL), A WHOLLY-OWNED SUBSIDIARY OF MRCB AND MRCB-QUILL REIT (MQ REIT) IN RELATION TO THE PROPOSED DISPOSAL OF MENARA SHELL BY 348 SENTRAL TO MQ REIT |
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MRCB wishes to announce that its wholly-owned subsidiary, 348 Sentral has today entered into a Heads of Agreement (“HOA”) with Maybank Trustees Berhad (“MTB”), acting as trustee for MQ REIT for the disposal of a 33-storey office tower known as “Menara Shell” together with a 5-storey podium and 4-storey basement car park bearing the postal address of 211, Jalan Tun Sambanthan, 50470 Kuala Lumpur, Wilayah Persekutuan, Malaysia (“Menara Shell”) and erected on part of the freehold land held under Geran 40094, Lot 348, Section 72, Town and District of Kuala Lumpur, Wilayah Persekutuan KL, for a purchase consideration of RM640 million (“Proposed Disposal”). The detailed announcement is attached herewith. |
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Please refer attachment below.
Announcement Info
| Company Name | MALAYSIAN RESOURCES CORPORATION BERHAD |
| Stock Name | MRCB |
| Date Announced | 03 Dec 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03122015-00078 |
