Date : 21 May 2018

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

We refer to the announcement dated 22 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 GA1-21052018-00094