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Bursa Announcement
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Date : 21 December 2015

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MANAGEMENT CONTRACT BETWEEN KWASA UTAMA SDN BHD ("KUSB") 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 ("KUSB") 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")

We refer to the announcement dated 28 October 2015 in relation to the Proposed Construction. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcement in relation to the Proposed Construction.

On behalf of the Board, RHB Investment Bank wishes to announce that the condition precedent set out in the Management Contract has been fulfilled on 21 December 2015. Accordingly, the Management Contract has become unconditional on 21 December 2015.

This announcement is dated 21 December 2015.






Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 21 Dec 2015
Category General Announcement for PLC
Reference Number GA1-21122015-00043