Date : 21 April 2017

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR "COMPANY") 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 RELATING TO THE REFURBISHMENT AND UPGRADING OF FACILITIES LOCATED AT THE NATIONAL SPORTS COMPLEX IN BUKIT JALIL, KUALA LUMPUR ("PROPOSED PRIVATISATION")

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR "COMPANY")

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 RELATING TO THE REFURBISHMENT AND UPGRADING OF FACILITIES LOCATED AT THE NATIONAL SPORTS COMPLEX IN BUKIT JALIL, KUALA LUMPUR ("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 21 April 2017 entered into a second supplemental agreement to the Privatisation Agreement with the Government and Hartanah to, amongst others, reduce the Contract Sum from RM1,631,880,000.00 to RM1,343,257,764.32 to commensurate the reduction in the size of the lands, as well as revise the works packages under Project 1 and Project 2 respectively.

 

Further details of the Proposed Privatisation are set out in the attachment below.

 

 

This announcement is dated 21 April 2017.




Please refer attachment below.



Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 21 Apr 2017
Category General Announcement for PLC
Reference Number GA1-21042017-00146