Date : 07 October 2010

MALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” or “the Company”) - Writ of Summons and Statement of Claims Served to its wholly-owned subsidiary, Superview Development Sdn Bhd (“Superview”)

MALAYSIAN RESOURCES CORPORATION BERHAD

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDKH-101006-42291
SubjectMALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” or “the Company”)
- Writ of Summons and Statement of Claims Served to its wholly-owned subsidiary, Superview Development Sdn Bhd (“Superview”)
ContentsOur announcement on 4 October 2010 and the letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 6 October 2010 refer.

Following are the response to the queries raised by Bursa Securities:

(a) The summons were received by MRCB on 30 September 2010;
(b) The rate of interest claimed is not mentioned in the summons;
(c) The summons is in relation to the landslide at Bukit Antarabangsa on 6 December 2008;
(d) Superview is not a major subsidiary of the Company;
(e) The total cost of investment in Superview is about RM36.6 million which have been fully provided for;
(f) There is no operational impact of the summons on MRCB Group;
(g) At this initial stage, the Company does not expect to incur any losses arising from the summons;
(h) No hearing date has been fixed. Superview has to file its defence by 20 November 2010.




c.c. Securities Commission
Query Letter ContentWe refer to your announcement dated 4 October 2010, in respect of the aforesaid
matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following information immediately for public release:

(a) The date the summons was served on the Company;
(b) The interest rate claimed under the summons;
(c) The details of the default or circumstances leading to the filing of the
summons against Superview.
(d) Whether Superview is a major subsidiary of the Company;
(e) The total cost of investment in Superview
(f) The operational impact of the summons on the Group.
(g) The expected losses, if any arising from the summons;
(h) The date of hearing.

Yours faithfully




KHOO KAY KWAN
Head, Issuers
Listing Division
Regulation

MZM/KHB/ne

c.c: General Manager & Head, Market Surveillance Department, Market
Supervision Business Group, Securities Commission (via fax)


Announcement Info

Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB    
Date Announced7 Oct 2010  
CategoryGeneral Announcement
Reference NoMR-101007-61583