Date : 01 December 2016

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PROJECT DELIVERY PARTNER ("PDP") AGREEMENT BETWEEN MRCB BUILDERS SDN BHD ("MRCB BUILDERS"), A WHOLLY-OWNED SUBSIDIARY OF MRCB, AND KWASA LAND SDN BHD 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 APPROXIMATELY RM112.28 MILLION ("PROPOSED PDP CONTRACT")

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
PROJECT DELIVERY PARTNER ("PDP") AGREEMENT BETWEEN MRCB BUILDERS SDN BHD ("MRCB BUILDERS"), A WHOLLY-OWNED SUBSIDIARY OF MRCB, AND KWASA LAND SDN BHD 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 APPROXIMATELY RM112.28 MILLION ("PROPOSED PDP CONTRACT")

We refer to the announcement dated 26 May 2016 in relation to the Proposed PDP Contract. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcement in relation to the Proposed PDP Contract.

 

On behalf of the Board, RHB Investment Bank wishes to announce that the condition precedent set out in the PDP Agreement has been fulfilled and accordingly, the PDP Agreement has become unconditional on 1 December 2016. 

 

 

This announcement is dated 1 December 2016.






Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 01 Dec 2016
Category General Announcement for PLC
Reference Number GA1-01122016-00029