| Type | Announcement |
| Subject | OTHERS |
| Description | PROPOSED ACQUISITIONS OF26,985,030 ORDINARY SHARES OF RM1.00 EACH IN KINABALU MOTOR ASSEMBLY SDN. BHD. (“KMASB”)VIA THE EXECUTION OF (I) CONDITIONAL SHARE SALE AND PURCHASE AGREEMENT DATED 14 OCTOBER 2010; AND (II) SUPPLEMENTARY AGREEMENT DATED 28 FEBRUARY 2011; WITH LION CORPORATION BERHAD AND LIONFOREST INDUSTRIES BERHAD, BEING VENDORS FOR KMASB’S SHARES(HEREINAFTER REFERRED TO AS “PROPOSED ACQUISITION OF KMASB”) |
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The announcements made on the above matter on 14 October 2010, 13 January 2011 and 28 February 2011 refers. The Board of Directors of MBMR wishes to update that the parties to the Proposed Acquisition of KMASB have mutually agreed to extend the date for the fulfillment of the Conditions Precedent in the Conditional Share Sales and Purchase Agreements for another two (2) months from 14 April 2011 to 13 June 2011. The aforesaid extension is required for the purpose of obtaining the approval or non-objection of the Ministry of International Trade and Industry for the Proposed Acquisition of KMASB. The waiver from the remaining shareholders of KMASB on the shares transfer is no longer required. This announcement is dated 13 April 2011. |
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| Company Name | MBM RESOURCES BHD |
| Stock Name | MBMR |
| Date Announced | 13 Apr 2011 |
| Category | General Announcement |
| Reference No | CMS-110413-3FC17 |
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