Date : 29 March 2004

ARTICLE ENTITLED: "MRCB TO ACQUIRE 30% MORE IN UDA"

MALAYSIAN RESOURCES CORPORATION BERHAD

Type

Reply to query
Reply to Query Letter by KLSE reference IDKM-040329-41608
SubjectARTICLE ENTITLED: "MRCB TO ACQUIRE 30% MORE IN UDA"

Contents :



Your letter dated 29 March 2004 and the article that appeared in The Star on 27 March 2004 refer.

We wish to inform you that MRCB is not in negotiations with any party in relation to acquiring any additional shareholding in UDA Holdings Berhad (UDA) at this point in time. MRCBs Group strategy is to realise the potential synergies between MRCB and UDA through capitalisation on areas of relative strength.

MRCB will continue to analyse and explore ways to maximize the value of its investment in UDA.

We will make appropriate and timely announcements to Malaysia Securities Exchange Berhad as and when there are matters which require immediate announcement in accordance with the Exchange's Corporate Disclosure Policy.




c.c. Puan Nyonya Yahya
Acting General Manager, Issue and Investment Division
Securities Commission



Query Letter Contents :

We refer to the above article appearing in Star, BizWeek, page 3 on Saturday,
27 March 2004, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-
"Malaysian Resources Corp Bhd (MRCB) plans to acquire an additional 30 per cent
stake in UDA Holdings Bhd from the Minister of Finance Inc (MOF) at RM3 per
share..."
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentence after due and diligent enquiry with all the directors,
major shareholders and all such other persons reasonably familiar with the
matters about which the disclosure is to be made in this respect. In the event
you deny the above sentence or any other part of the above article, you are
required to set forth facts sufficient to clarify any misleading aspects of the
same. In the event you confirm the above sentence or any other part of the
above article, you are required to set forth facts sufficient to support the
same.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully


INDERJIT SINGH
Sector Head
Issues & Listing
Group Regulations
CKM
Copy to : Securities Commission (via fax)



Announcement Info

Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB    
Date Announced29 Mar 2004  
CategoryGeneral Announcement
Reference NoMR-040329-65975