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Malaysian Resources Corporation Berhad Announces Proposed Acquisitions


Friday, 8 Feb 2013 06:23am EST 

Malaysian Resources Corporation Berhad (MRCB) announced that it had entered into a conditional share sale agreement with Nusa Gapurna Development Sdn Bhd (NGD) for the acquisitions of the entire equity interest in Gapurna Builders Sdn Bhd (Gapurna Builders), Gapurna Land Sdn Bhd (Gapurna Land) and Puncak Wangi Sdn Bhd (Puncak Wangi) as well as 70% equity interest in P.J Sentral Development Sdn Bhd (P.J Sentral) (collectively, the NGD Subsidiaries) (NGD SSA) (Proposed Acquisition of NGD Subsidiaries); a conditional share sale agreement with Mohd Imran bin Mohamad Salim, Datuk Mohamad Salim bin Fateh Din and Datin Yasmin binti Mohamed Ashraff for the acquisition of the entire equity interest in Gelanggang Harapan Construction Sdn Bhd (GHC) (collectively, the GHC Vendors) (GHC SSA) (Proposed Acquisition of GHC); and a conditional share sale agreement with Hanif Ahmad bin Nisar Ahmad and Mohd Imran for the acquisition of the entire equity interest in Gapurna Global Solutions Sdn Bhd (GGS) (collectively, the GGS Vendors) (GGS SSA) (Proposed Acquisition of GGS) for a total indicative consideration of MYR 729,000,000. 

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1.52
0.02 +1.33%
24 Oct 2014