Date : 04 May 2018

Circular/Notice to Shareholders

MALAYSIAN RESOURCES CORPORATION BERHAD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO:- PART A- MANAGEMENT CONTRACT BETWEEN KWASA SENTRAL SDN BHD ("KSSB"), A 70%-OWNED SUBSIDIARY OF MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB"), AND MRCB LAND SDN BHD ("MRCB LAND"), A WHOLLY-OWNED SUBSIDIARY OF MRCB, 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 PAYABLE IN CASH ("PROPOSED MX-1 CONSTRUCTION") PART B- INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED SHAREHOLDERS OF MRCB IN RELATION TO THE PROPOSED MX-1 CONSTRUCTION PART C- (I) PROPOSED JOINT VENTURE BETWEEN RUKUN JUANG SDN BHD ("RJSB"), AN 85%-OWNED SUBSIDIARY OF MRCB LAND, AND TANJUNG WIBAWA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE EMPLOYEES PROVIDENT FUND BOARD, FOR THE PURPOSE OF DEVELOPING THREE (3) PARCELS OF LEASEHOLD LAND LOCATED IN BUKIT JALIL, KUALA LUMPUR ("LANDS") ("PROPOSED JOINT VENTURE"); AND (II) MANAGEMENT CONTRACT BETWEEN BUKIT JALIL SENTRAL PROPERTY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF RJSB, AND MRCB LAND FOR THE APPOINTMENT OF MRCB LAND AS THE MANAGEMENT CONTRACTOR IN CONNECTION WITH THE DEVELOPMENT AND CONSTRUCTION OF A MIXED DEVELOPMENT ON THE LANDS FOR A PROVISIONAL TOTAL PROJECT SUM OF RM11,007,326,245 PAYABLE IN CASH ("PROPOSED CONSTRUCTION") PART D- INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED SHAREHOLDERS OF MRCB IN RELATION TO THE PROPOSED JOINT VENTURE AND PROPOSED CONSTRUCTION


Please refer attachment below.



Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 04 May 2018
Category Document Submission
Reference Number DCS-04052018-00008