Date : 31 March 2017

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED SUBSCRIPTION OF NEW ORDINARY SHARES AND REDEEMABLE PREFERENCE SHARES, REPRESENTING 70% EQUITY INTEREST IN A JOINT VENTURE COMPANY TO PURCHASE AND UNDERTAKE THE DEVELOPMENT OF CYBERJAYA CITY CENTRE (CCC) FOR A REVISED SUBSCRIPTION PAYMENT OF RM228.9 MILLION (PROPOSED SUBSCRIPTION)

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED SUBSCRIPTION OF NEW ORDINARY SHARES AND REDEEMABLE PREFERENCE SHARES, REPRESENTING 70% EQUITY INTEREST IN A JOINT VENTURE COMPANY TO PURCHASE AND UNDERTAKE THE DEVELOPMENT OF CYBERJAYA CITY CENTRE (CCC) FOR A REVISED SUBSCRIPTION PAYMENT OF RM228.9 MILLION (PROPOSED SUBSCRIPTION)

We refer to the announcements dated 28 October 2015, 19 May 2016 and 27 October 2016 in relation to the above matter. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements in relation to the Proposed Subscription.

MRCB wishes to announce that MRCB Land Sdn Bhd (“MRCB Land”), Cyberview Sdn Bhd (“CSB”) and CSB Development Sdn Bhd (“CSB Development”) (collectively referred to as the “Parties”) had on 30 March 2017 entered into a Second Supplemental Share Subscription Agreement (“Second SSSA”) and a Second Supplemental Joint Venture Agreement (“Second SJVA”) (collectively referred to as “Second Supplemental Agreements”) to vary certain terms of the SSA, Supplemental SSA, JVA and Supplemental JVA. 

Please refer to the attachment for detailed announcement.




Please refer attachment below.



Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 31 Mar 2017
Category General Announcement for PLC
Reference Number GA1-31032017-00053