Date : 19 March 2018

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL OF FREEHOLD LAND BY LEGASI AZAM SDN BHD (LASB) TO PERTUBUHAN KESELAMATAN SOSIAL (PERKESO) FOR A TOTAL CASH CONSIDERATION OF RM323 MILLION ("PROPOSED DISPOSAL")

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED DISPOSAL OF FREEHOLD LAND BY LEGASI AZAM SDN BHD (LASB) TO PERTUBUHAN KESELAMATAN SOSIAL (PERKESO) FOR A TOTAL CASH CONSIDERATION OF RM323 MILLION ("PROPOSED DISPOSAL")

Malaysian Resources Corporation Berhad (“MRCB” or “the Company”) is pleased to announce that Legasi Azam Sdn Bhd (“LASB”), a wholly owned subsidiary of MRCB Land Sdn Bhd, which in turn is a wholly-owned subsidiary of MRCB, has today entered into a Sale and Purchase Agreement (“SPA”) with PERKESO for the disposal of a parcel of freehold land measuring 1.866 acres held under Geran 34211, Lot No 94, Seksyen 58, Bandar Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan bearing postal address No.16, Jalan Kia Peng, 50450 Kuala Lumpur (“Land”) for cash consideration of RM323 million (“Purchase Price”) excluding Goods and Services Tax (“Proposed Disposal”).

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 19 Mar 2018
Category General Announcement for PLC
Reference Number GA1-19032018-00060