Date : 17 November 2016

OTHERS MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR "COMPANY") PROPOSED DISPOSAL OF LEASEHOLD LAND BY ONESENTRAL PARK SDN BHD ("ONESENTRAL"), A WHOLLY-OWNED SUBSIDIARY OF MRCB, TO MASS RAPID TRANSIT CORPORATION SDN BHD ("MRT CORP") FOR A TOTAL CASH CONSIDERATION OF RM180 MILLION ("PROPOSED DISPOSAL")

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR "COMPANY")

PROPOSED DISPOSAL OF LEASEHOLD LAND BY ONESENTRAL PARK SDN BHD ("ONESENTRAL"), A WHOLLY-OWNED SUBSIDIARY OF MRCB, TO MASS RAPID TRANSIT CORPORATION SDN BHD ("MRT CORP") FOR A TOTAL CASH CONSIDERATION OF RM180 MILLION ("PROPOSED DISPOSAL")

The Board of Directors of MRCB (“Board”) is pleased to announce that OneSentral, a wholly-owned subsidiary of MRCB, has today entered into a Sale and Purchase Agreement (“SPA”) with MRT Corp for the proposed disposal of a piece of leasehold land held under PN 52405, Lot 20008, Seksyen 63, Bandar Kuala Lumpur measuring 4,074 square metres (“Land”) for cash consideration of RM180 million (“Disposal Consideration”).

Details of the Proposed Disposal are set out in the attachment below.

This announcement is dated 17 November 2016.

 




Please refer attachment below.



Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 17 Nov 2016
Category General Announcement for PLC
Reference Number GA1-17112016-00041