Date : 15 August 2019

MATERIAL LITIGATION Receipt Of Notice Of Arbitration Against Malaysian Resources Corporation Berhad ("MRCB")

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
Receipt Of Notice Of Arbitration Against Malaysian Resources Corporation Berhad ("MRCB")

This announcement serves to clarify our earlier announcements dated 13 August 2019 and 14 August 2019 on the above subject matter.

 

The difference of opinion between MRCB and George Kent (Malaysia) Berhad is in respect of the interpretation of provisions of the Shareholders’ Agreement dated 8 June 2015 pertaining to the options for securing financing for MRCB George Kent Sdn Bhd, including the order of priority of such options.  






Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 15 Aug 2019
Category General Announcement for PLC
Reference Number GA1-15082019-00063