Date : 12 November 2018

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY") MUTUAL TERMINATION OF THE CONCESSION AWARDED BY THE GOVERNMENT OF MALAYSIA ("GOM") TO MRCB LINGKARAN SELATAN SDN BHD ("MLSSB") FOR THE DESIGN, CONSTRUCTION, MANAGEMENT, OPERATION AND MAINTENANCE OF THE EASTERN DISPERSAL LINK EXPRESSWAY ("EDL") ("EDL CONCESSION") ("CONCESSION TERMINATION")

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB" OR THE "COMPANY")

MUTUAL TERMINATION OF THE CONCESSION AWARDED BY THE GOVERNMENT OF MALAYSIA ("GOM") TO MRCB LINGKARAN SELATAN SDN BHD ("MLSSB") FOR THE DESIGN, CONSTRUCTION, MANAGEMENT, OPERATION AND MAINTENANCE OF THE EASTERN DISPERSAL LINK EXPRESSWAY ("EDL") ("EDL CONCESSION") ("CONCESSION TERMINATION")

On behalf of the Board of Directors of MRCB, CIMB Investment Bank Berhad wishes to announce that MLSSB, a wholly-owned subsidiary of MRCB Prasarana Sdn Bhd, which in turn is a wholly-owned subsidiary of MRCB, has entered into a termination and settlement agreement in relation to the Concession Termination with the GOM today.

Further details of the Concession Termination are set out in the attachment.

 

This announcement is dated 12 November 2018.




Please refer attachment below.

Attachments

MRCB - Detailed Announcement.pdf
420.1 kB



Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 12 Nov 2018
Category General Announcement for PLC
Reference Number GA1-12112018-00013