Date : 21 May 2018

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MANAGEMENT CONTRACT BETWEEN BUKIT JALIL SENTRAL PROPERTY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF RUKUN JUANG SDN BHD, WHICH IN TURN IS AN 85%-OWNED SUBSIDIARY OF MRCB LAND SDN BHD ("MRCB LAND"), AND 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 ON THREE (3) PARCELS OF LEASEHOLD LAND LOCATED IN BUKIT JALIL, FOR A PROVISIONAL TOTAL PROJECT SUM OF RM11,007,326,245

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
MANAGEMENT CONTRACT BETWEEN BUKIT JALIL SENTRAL PROPERTY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF RUKUN JUANG SDN BHD, WHICH IN TURN IS AN 85%-OWNED SUBSIDIARY OF MRCB LAND SDN BHD ("MRCB LAND"), AND 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 ON THREE (3) PARCELS OF LEASEHOLD LAND LOCATED IN BUKIT JALIL, FOR A PROVISIONAL TOTAL PROJECT SUM OF RM11,007,326,245

We refer to the announcement dated 26 March 2018 in relation to the Proposed Construction. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcement in relation to the Proposed Construction.

 

On behalf of the Board, RHB Investment Bank wishes to announce that the condition precedent as set out in the Management Contract has been fulfilled on 21 May 2018. Accordingly, the Management Contract has become unconditional on 21 May 2018.

 

 

This Announcement is dated 21 May 2018.






Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 21 May 2018
Category General Announcement for PLC
Reference Number GA1-21052018-00090