TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PROJECT DELIVERY PARTNER (PDP) AGREEMENT BETWEEN MRCB BUILDERS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MRCB (MRCB BUILDERS) AND KWASA LAND SDN BHD (KLSB OR EMPLOYER) FOR THE APPOINTMENT OF MRCB BUILDERS AS A PDP IN CONNECTION WITH THE CONSTRUCTION AND COMPLETION OF COMMON INFRASTRUCTURE FOR THE MAJLIS BANDARAYA PETALING JAYA AREA AT THE KWASA DAMANSARA TOWNSHIP FOR A PROVISIONAL FEE OF RM112.28 MILLION (PDP CONTRACT)
| MALAYSIAN RESOURCES CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | PROJECT DELIVERY PARTNER (PDP) AGREEMENT BETWEEN MRCB BUILDERS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MRCB (MRCB BUILDERS) AND KWASA LAND SDN BHD (KLSB OR EMPLOYER) FOR THE APPOINTMENT OF MRCB BUILDERS AS A PDP IN CONNECTION WITH THE CONSTRUCTION AND COMPLETION OF COMMON INFRASTRUCTURE FOR THE MAJLIS BANDARAYA PETALING JAYA AREA AT THE KWASA DAMANSARA TOWNSHIP FOR A PROVISIONAL FEE OF RM112.28 MILLION (PDP CONTRACT) |
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We refer to the announcements dated 26 May 2016 and 1 December 2016 as well as the Circular to Shareholders dated 15 November 2016 (“Circular”) in relation to the PDP Contract. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements and Circular in relation to the PDP Contract.
The Board wishes to announce that MRCB Builders had on 25 June 2021 entered into a novation agreement (“Novation Agreement”) with its wholly-owned subsidiary, MRCB Engineering Sdn Bhd (“MRCB Engineering”) and KLSB (each a “Party” and collectively, the “Parties”) for MRCB Builders to novate all its rights, liabilities, benefits, interests, duties and obligations under the PDP Agreement to MRCB Engineering, to facilitate the Group’s internal streamlining of business operations.
Please refer to the attachment for the full announcement. |
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Please refer attachment below.
Announcement Info
| Company Name | MALAYSIAN RESOURCES CORPORATION BERHAD |
| Stock Name | MRCB |
| Date Announced | 25 Jun 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25062021-00082 |