TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY") PROJECT DELIVERY PARTNER ("PDP") AGREEMENT BETWEEN MRCB BUILDERS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MRCB ("MRCB BUILDERS") AND KWASA LAND SDN BHD ("KLSB" OR "EMPLOYER") FOR THE APPOINTMENT OF MRCB BUILDERS AS A PDP IN CONNECTION WITH THE CONSTRUCTION AND COMPLETION OF COMMON INFRASTRUCTURE FOR THE MAJLIS BANDARAYA PETALING JAYA AREA AT THE PROPOSED KWASA DAMANSARA TOWNSHIP FOR A PROVISIONAL FEE OF RM112.28 MILLION
| MALAYSIAN RESOURCES CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY")
PROJECT DELIVERY PARTNER ("PDP") AGREEMENT BETWEEN MRCB BUILDERS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MRCB ("MRCB BUILDERS") AND KWASA LAND SDN BHD ("KLSB" OR "EMPLOYER") FOR THE APPOINTMENT OF MRCB BUILDERS AS A PDP IN CONNECTION WITH THE CONSTRUCTION AND COMPLETION OF COMMON INFRASTRUCTURE FOR THE MAJLIS BANDARAYA PETALING JAYA AREA AT THE PROPOSED KWASA DAMANSARA TOWNSHIP FOR A PROVISIONAL FEE OF RM112.28 MILLION |
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On behalf of the Board of Directors of MRCB (“Board”), RHB Investment Bank Berhad (“RHB Investment Bank”) wishes to announce that MRCB Builders, a wholly-owned subsidiary of MRCB, had on 26 May 2016, entered into a project delivery partner agreement with KLSB whereby KLSB has appointed MRCB Builders as a PDP in connection with the construction and completion of common infrastructure for the Majlis Bandaraya Petaling Jaya area at the proposed Kwasa Damansara Township located on a piece of land (formerly known as Rubber Research Institute Malaysia land) in Sungai Buloh measuring approximately 2,330.42 acres, for a provisional fee of RM112.28 million (excluding 6% goods and services tax and reimbursable costs as set out in Note 2 of Section 2.2 of this Announcement) (“Proposed PDP Contract”). Further details of the Proposed PDP Contract are set out in the attachment below. This Announcement is dated 26 May 2016. |
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Please refer attachment below.
Announcement Info
| Company Name | MALAYSIAN RESOURCES CORPORATION BERHAD |
| Stock Name | MRCB |
| Date Announced | 26 May 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-26052016-00028 |
