OTHERS SIGNING CEREMONY ON EXECUTION OF JOINT VENTURE AND SHAREHOLDERS’ AGREEMENT BETWEEN MRCB LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MRCB, PM MULTILINK SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MELAKA CORPORATION AND MAJESTIC QUEST SDN BHD
| MALAYSIAN RESOURCES CORPORATION BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | SIGNING CEREMONY ON EXECUTION OF JOINT VENTURE AND SHAREHOLDERS’ AGREEMENT BETWEEN MRCB LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MRCB, PM MULTILINK SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MELAKA CORPORATION AND MAJESTIC QUEST SDN BHD |
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Malaysian Resources Corporation Berhad (“MRCB” or “the Company”) wishes to announce that MRCB Land Sdn Bhd (“MLSB”), a wholly-owned subsidiary of MRCB, has today entered into a Joint Venture and Shareholders’ Agreement (“JVSA”) with PM Multilink Sdn Bhd (“PMM”), a wholly-owned subsidiary of Melaka Corporation and Majestic Quest Sdn Bhd (“MQSB”) to establish a joint venture via MQSB, on a 70% (MLSB): 30% (PMM) basis, to carry out the development of a hospital to be located in Mukim Bukit Baru, Daerah Melaka Tengah, Negeri Melaka for an estimated Gross Development Cost of RM520 million, and to lease the hospital to Putra Specialist Hospital (Melaka) Sdn Bhd.
The Press Release on the JVSA is attached.
This announcement is dated 24 January 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | MALAYSIAN RESOURCES CORPORATION BERHAD |
| Stock Name | MRCB |
| Date Announced | 24 Jan 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24012025-00027 |
