TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MANAGEMENT CONTRACT BETWEEN KWASA SENTRAL SDN BHD, A 70%-OWNED SUBSIDIARY OF MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB") ("KSSB"), AND MRCB LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MRCB ("MRCB LAND"), FOR THE APPOINTMENT OF MRCB LAND AS THE MANAGEMENT CONTRACTOR IN CONNECTION WITH THE DEVELOPMENT AND CONSTRUCTION OF A MIXED DEVELOPMENT IDENTIFIED TO BE THE TOWN CENTRE OF THE KWASA DAMANSARA TOWNSHIP, ON A PIECE OF LAND KNOWN AS MX-1, FOR A PROVISIONAL TOTAL PROJECT SUM OF RM7,461,991,606
MALAYSIAN RESOURCES CORPORATION BERHAD |
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
Description | MANAGEMENT CONTRACT BETWEEN KWASA SENTRAL SDN BHD, A 70%-OWNED SUBSIDIARY OF MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB") ("KSSB"), AND MRCB LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MRCB ("MRCB LAND"), FOR THE APPOINTMENT OF MRCB LAND AS THE MANAGEMENT CONTRACTOR IN CONNECTION WITH THE DEVELOPMENT AND CONSTRUCTION OF A MIXED DEVELOPMENT IDENTIFIED TO BE THE TOWN CENTRE OF THE KWASA DAMANSARA TOWNSHIP, ON A PIECE OF LAND KNOWN AS MX-1, FOR A PROVISIONAL TOTAL PROJECT SUM OF RM7,461,991,606 |
On behalf of the Board of Directors of MRCB, RHB Investment Bank Berhad wishes to announce that MRCB Land had on 22 March 2018 entered into a management contract with KSSB, for the appointment of MRCB Land as the Management Contractor in connection with the development and construction of a mixed development identified to be the town centre of the Kwasa Damansara Township, on a piece of land owned by KSSB measuring 64.30 acres known as MX-1, held under HSD 315671, Lot No. PT50854, Mukim Sungai Buloh, Daerah Petaling, Selangor Darul Ehsan, for a provisional total project sum of RM7,461,991,606 ("Proposed Construction").
Further details of the Proposed Construction are set out in the attachment below.
This Announcement is dated 22 March 2018. |
Please refer attachment below.
Announcement Info
Company Name | MALAYSIAN RESOURCES CORPORATION BERHAD |
Stock Name | MRCB |
Date Announced | 22 Mar 2018 |
Category | General Announcement for PLC |
Reference Number | GA1-22032018-00114 |