Date : 14 April 2016

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO TWENTY PERCENT (20%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF MRCB

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY")

PROPOSED PRIVATE PLACEMENT OF UP TO TWENTY PERCENT (20%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF MRCB

We refer to the announcements dated 16 November 2015, 19 November 2015 and 3 December 2015 in relation to the Proposed Private Placement. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements in relation to the Proposed Private Placement.

On behalf of the Board, RHB Investment Bank wishes to announce that the issue price for the first tranche of the Proposed Private Placement comprising up to 100,000,000 Placement Shares has been fixed on 14 April 2016 (Price-Fixing Date) at RM1.09 per Placement Share (First Tranche).

The issue price of RM1.09 per Placement Share represents a discount of approximately 9.92% to the five (5)-day volume weighted average market price of MRCB Shares up to and including 13 April 2016 (being the last market day prior to the Price-Fixing Date) of RM1.21 per MRCB Share.

For information purposes, the actual number of Placement Shares to be placed out under the First Tranche will depend on the final acceptance by the identified placees. Any Placement Share not placed out under the First Tranche will be included in the subsequent tranches. The issue price for each subsequent tranche will be determined and announced by the Board separately.

This Announcement is dated 14 April 2016.






Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 14 Apr 2016
Category General Announcement for PLC
Reference Number GA1-14042016-00049