Date : 13 January 2017

OTHERS PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN SEMASA SERVICES SDN BHD

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN SEMASA SERVICES SDN BHD

Malaysian Resources Corporation Berhad (“MRCB” or “the Company”) is pleased to announce that it had on 12 January 2017 entered into a conditional Shares Sale Agreement (“SSA”) with Crystal Clear Cleaning Sdn Bhd (“CCC” or the “Purchaser”) for the disposal of its entire equity interest in Semasa Services Sdn Bhd (“SSRV”), a wholly owned subsidiary of the Company, for RM4.8 million (hereinafter referred to as “Purchase Price”) ("Proposed Disposal").

Further details on the Proposed Disposal are set out in the attachment below.




Please refer attachment below.



Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 13 Jan 2017
Category General Announcement for PLC
Reference Number GA1-13012017-00044