Date : 04 April 2017

MEMORANDUM OF UNDERSTANDING MEMORANDUM OF UNDERSTANDING (MoU) BETWEEN MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB") AND ADANI REALTY

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
MEMORANDUM OF UNDERSTANDING (MoU) BETWEEN MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB") AND ADANI REALTY

Pursuant to Paragraph 9.04(o) of the Listing Requirements of Bursa Malaysia Securities Berhad, we are pleased to announce that MRCB had on 3 April 2017 entered into a non-binding MoU with Adani Realty to express the intention to collaborate with each other to develop multiple convention centres across India.

Adani Realty is a unit of the India-based conglomerate Adani Group. It is involved in the business of development of residential, commercial and social club projects. Adani Realty would complement MRCBs strong expertise in transit-oriented developments to leverage on the tremendous opportunities in India.

The MoU will remain valid for a period of 6 months or may be terminated at any time by mutual consent.

This announcement is dated 4 April 2017.






Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 04 Apr 2017
Category General Announcement for PLC
Reference Number GA1-04042017-00089