Date : 23 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")

We refer to the announcement dated 12 November 2018 in relation to the Termination Agreement for the Concession Termination (“Announcement”).  All abbreviations used herein shall have the same meanings as those used in the Announcement unless stated otherwise.

On behalf of the Board of Directors of MRCB, CIMB Investment Bank Berhad wishes to announce that MLSSB has received the Settlement Sum in accordance with the Termination Agreement today.

As detailed in Section 7 of the Announcement, MRCB will procure its shareholders’ ratification for the Concession Termination and Termination Agreement within 6 months from the date of the execution of the Termination Agreement.

 

This announcement is dated 23 November 2018.






Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 23 Nov 2018
Category General Announcement for PLC
Reference Number GA1-23112018-00030