TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB") PROPOSED ACQUISITION BY RUKUN JUANG SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MRCB LAND SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MRCB, OF 80.00% EQUITY INTEREST IN BUKIT JALIL SENTRAL PROPERTY SDN BHD FROM TANJUNG WIBAWA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE EMPLOYEES PROVIDENT FUND BOARD
| MALAYSIAN RESOURCES CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | MALAYSIAN RESOURCES CORPORATION BERHAD ("MRCB")
PROPOSED ACQUISITION BY RUKUN JUANG SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MRCB LAND SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF MRCB, OF 80.00% EQUITY INTEREST IN BUKIT JALIL SENTRAL PROPERTY SDN BHD FROM TANJUNG WIBAWA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE EMPLOYEES PROVIDENT FUND BOARD |
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On behalf of the Board of Directors of MRCB, AmInvestment Bank Berhad wishes to announce that Rukun Juang Sdn Bhd, a wholly-owned subsidiary of MRCB Land Sdn Bhd, which in turn is a wholly-owned subsidiary of MRCB, had on 8 September 2025 entered into a share sale agreement (“SSA”) with Tanjung Wibawa Sdn Bhd (“Vendor”), a wholly-owned subsidiary of the Employees Provident Fund Board, to acquire 8,000,000 ordinary shares in Bukit Jalil Sentral Property Sdn Bhd (“BJSP”), representing 80.00% equity interest in BJSP, and 1,132,930,490 redeemable preference shares – class A in BJSP, from the Vendor for a total purchase consideration of RM1,578,785,023, which will be satisfied entirely in cash (“Proposed Acquisition”), upon the terms and conditions as set out in the SSA.
Further details of the Proposed Acquisition are set out in the attachment below.
This Announcement is dated 8 September 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | MALAYSIAN RESOURCES CORPORATION BERHAD |
| Stock Name | MRCB |
| Date Announced | 08 Sep 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08092025-00057 |
