Date : 22 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")

Amended Announcements
Please refer to the earlier announcement reference number: GA1-21032018-00023

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")

Further to the announcement dated 19 March 2018 and 21 March 2018, we are pleased to provide the details information on the Utilisation of Proceeds.

The proceeds from the Proposed Disposal will be utilised for MRCB Group's working capital (including defraying expenses in connection with the Proposed Disposal) and property development activities within 12 months from receiving the Purchase Price:

Description of utilisation Amount (RM million)
Working capital requirements 13.00
Defraying expenses in connection with the Proposed Disposal 10.00

Development activities for the following projects:

- Bukit Jalil
- Kwasa Sentral
- Cyberjaya City Centre
- PJ Sentral        

300.00
Gross proceeds: 323.00

 






Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 22 Mar 2018
Category General Announcement for PLC
Reference Number GA1-22032018-00068