Bursa Announcement
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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 |
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| 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") |
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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:
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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 |
