Date : 27 December 2016

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PRIVATISATION AGREEMENT ENTERED INTO BETWEEN RUKUN JUANG SDN BHD, A 85%-OWNED SUBSIDIARY OF MRCB LAND SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MRCB, THE GOVERNMENT OF MALAYSIA, REPRESENTED BY THE MINISTRY OF YOUTH AND SPORTS AND SYARIKAT TANAH DAN HARTA SDN BHD ("PRIVATISATION AGREEMENT") RELATING TO THE REFURBISHMENT AND UPGRADING OF FACILITIES LOCATED AT THE NATIONAL SPORTS COMPLEX IN BUKIT JALIL, KUALA LUMPUR FOR A TOTAL CONTRACT SUM OF RM1,631,880,000 ("PROPOSED PRIVATISATION")

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PRIVATISATION AGREEMENT ENTERED INTO BETWEEN RUKUN JUANG SDN BHD, A 85%-OWNED SUBSIDIARY OF MRCB LAND SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MRCB, THE GOVERNMENT OF MALAYSIA, REPRESENTED BY THE MINISTRY OF YOUTH AND SPORTS AND SYARIKAT TANAH DAN HARTA SDN BHD ("PRIVATISATION AGREEMENT") RELATING TO THE REFURBISHMENT AND UPGRADING OF FACILITIES LOCATED AT THE NATIONAL SPORTS COMPLEX IN BUKIT JALIL, KUALA LUMPUR FOR A TOTAL CONTRACT SUM OF RM1,631,880,000 ("PROPOSED PRIVATISATION")

We refer to the earlier announcements in relation to the Proposed Privatisation. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements in relation to the Proposed Privatisation.

 

On behalf of the Board, RHB Investment Bank wishes to announce that RJSB had on 27 December 2016 received a notice from the Government indicating that the design for Project 2 has yet to be finalised. As such, the date for the execution of the Supplemental Agreement for Project 2 as set out in the Privatisation Agreement shall be extended from 31 December 2016 to a date on or before 31 January 2017 or any further extended date as agreed between the Parties. 

 

 

This Announcement is dated 27 December 2016.






Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 27 Dec 2016
Category General Announcement for PLC
Reference Number GA1-27122016-00041