Date : 25 April 2016

OTHERS PRIVATISATION AGREEMENT

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
PRIVATISATION AGREEMENT

The Board of Directors of MRCB (Board) wishes to announce that RJSB, had on 22 April 2016 accepted a letter of intent from the Employees Provident Fund Board (EPF) whereby EPF has indicated its intention to subscribe for or purchase an 80% interest (free from all liens, charges, pledges and encumbrances) (Interest) in the entity which is directed by RJSB to hold the Exchange Land 1 (Entity) after the Exchange Land 1 has been delivered pursuant to the terms of the Privatisation Agreement and transferred to such entity (on an as-is-where-is basis), and MRCB to subscribe for or purchase the remaining 20% interest in the Entity, at a purchase price and upon the terms and conditions stipulated in the letter of undertaking by EPF dated 22 April 2016 (Letter of Undertaking). 




Please refer attachment below.



Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 25 Apr 2016
Category General Announcement for PLC
Reference Number GA1-25042016-00038