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Malaysian Resources Corporation Berhad (“MRCB” or “the Company”) is pleased to announce  on the following Proposals comprising:

i.          PROPOSED DISPOSAL BY MRCB LAND SDN BHD (“MLSB”), A WHOLLY OWNED SUBSIDIARY OF MRCB, OF 700,000 ORDINARY SHARES AND 2,282,000 REDEEMABLE PREFERENCE SHARES IN CSB DEVELOPMENT SDN BHD (“CSBD”) (“CSBD SHARES”), REPRESENTING 70% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF CSBD, TO CYBERVIEW SDN BHD (“CSB”) FOR A TOTAL CASH CONSIDERATION OF RM219,038,500.30 (“PROPOSED DISPOSAL”); AND

ii.         PROPOSED ACQUISITION BY SUBANG SENTRAL SDN BHD (“SSSB”), A WHOLLY OWNED SUBSIDIARY OF MRCB, OF SEVEN (7) PARCELS OF LAND FROM CYBERJAYA CITY CENTRE LAND SDN BHD (“CCCL”), A WHOLLY OWNED SUBSIDIARY OF CSB, FOR A TOTAL CASH CONSIDERATION OF RM287,746,173.79 (“PROPOSED ACQUISITION”),

On 17 March 2025, MLSB had entered into a share sale agreement with CSB in relation to the Proposed Disposal for a cash consideration of RM219,038,500.30; and on even date, SSSB had entered into a sale and purchase agreement with CCCL and CSB for the Proposed Acquisition of 7 parcels of land for a cash consideration of RM287,746,173.79.

Please refer to the attachment for the full announcement.