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Bursa Announcement
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Date : 07 May 2013

MULTIPLE PROPOSALS MALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR “COMPANY”) (I) PROPOSED ACQUISITIONS; (II) PROPOSED FREE WARRANTS; (III) PROPOSED EXEMPTION; (IV) PROPOSED IASC; AND (V) PROPOSED AMENDMENTS. (TO BE COLLECTIVELY REFERRED TO AS “PROPOSALS”)

MALAYSIAN RESOURCES CORPORATION BERHAD

TypeAnnouncement
SubjectMULTIPLE PROPOSALS
DescriptionMALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR “COMPANY”)

(I) PROPOSED ACQUISITIONS;
(II) PROPOSED FREE WARRANTS;
(III) PROPOSED EXEMPTION;
(IV) PROPOSED IASC; AND
(V) PROPOSED AMENDMENTS.

(TO BE COLLECTIVELY REFERRED TO AS “PROPOSALS”)

We refer to the announcements made by RHB Investment Bank Berhad ("RHB Investment Bank") on behalf of the Board on 8 February 2013, 12 March 2013, 15 March 2013, 4 April 2013, 5 April 2013 and 23 April 2013 in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements in relation to the Proposals.

On behalf of the Board, RHB Investment Bank wishes to announce that the parties to the SSAs had, via exchange of letters dated 3 May 2013 and 6 May 2013, mutually agreed that the period of notification of any material findings arising from the due diligence exercise (as set out in Section 2.10.8(c) of the Announcement dated 8 February 2013), which expired on 6 May 2013, be extended to 20 May 2013 to enable the parties to arrive at findings based on the due diligence exercise carried out by the parties.

In addition, RHB Investment Bank also wishes to announce that MRCB had submitted an application to Bursa Securities in respect of the:-

(a)    admission of the Warrants to the Official List of Bursa Securities;

(b)    listing of and quotation for:-
(i)    up to 398,709,678 Consideration Shares together with up to 113,917,052 Consideration Warrants to be issued pursuant to the Proposed Acquisitions;

(ii)    up to 482,087,903 Free Warrants to be issued pursuant to the Proposed Free Warrants; and

(iii)    up to 596,004,955 MRCB Shares to be issued pursuant to the exercise of the Consideration Warrants and Free Warrants
on the Main Market of Bursa Securities.


This announcement is dated 7 May 2013.


Announcement Info

Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB    
Date Announced7 May 2013  
CategoryGeneral Announcement
Reference NoMI-130507-38383