| Type | Announcement |
| Subject | MBM Resources Berhad (“MBMR” or “the Company”) PROPOSED ACQUISITIONS OF (I) 26,985,030 ORDINARY SHARES OF RM1.00 EACH IN KINABALU MOTOR ASSEMBLY SDN. BHD. (“KMASB”); AND (II) 5,400,000 ORDINARY SHARES OF RM1.00 EACH AND 100,000 PREFERENCE SHARES OF RM0.01 EACH IN LION MOTOR SDN. BHD. (“LMSB”) VIA THE EXECUTION OF TWO CONDITIONAL SHARE SALE AND PURCHASE AGREEMENTS WITH (I) LION CORPORATION BERHAD AND LION FOREST INDUSTRIES BERHAD, BEING VENDORS FOR KMASB’S SHARES (COLLECTIVELY REFERRED TO AS THE “FIRST VENDOR”; AND (II) SILVERSTONE CORPORATION BERHAD, CEDR CONSULTING SDN. BHD., INNOVASI ISTIMEWA SDN. BHD. AND RANGE GROVE SDN. BHD., BEING VENDORS FOR LMSB’S SHARES (COLLECTIVELY REFERRED TO AS THE “SECOND VENDOR”) (COLLECTIVELY REFERRED TO AS “PROPOSED ACQUISITIONS”) |
| Contents | The announcement made on the above matters on 14 October 2010 refers. The Board of Directors of MBMR wishes to update that the parties to the Proposed Acquisitions have mutually agreed that the date for fullfillment of the Conditions Precedent in the two Conditional Share Sales and Purchase Agreements be extended for another three (3) months from 14 January 2011 to 13 April 2011. Save as disclosed above, all terms and conditions for the Proposed Acquisitions shall remain the same as stated in the Conditional Share Sale and Purchase Agreements dated 14 October 2010. This announcement is dated 13 January 2011. |
| Company Name | MBM RESOURCES BHD |
| Stock Name | MBMR |
| Date Announced | 13 Jan 2011 |
| Category | General Announcement |
| Reference No | CMS-110113-2B5A6 |
