| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description | MEMORANDUM OF UNDERSTANDING BETWEEN MBM RESOURCES BERHAD (“MBMR”) AND MITSUI & CO., LTD. (“MITSUI”) ON ADDITIONAL EQUITY PARTICIPATION BY MITSUI IN DAIHATSU (MALAYSIA) SDN. BHD. |
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The Board of Directors of MBMR wishes to announce that the Company has entered into a Memorandum of Understanding today with Mitsui & Co., Ltd. (“Mitsui” or “the Purchaser”) with the intention of increasing Mitsui’s equity participation by Mitsui in Daihatsu (Malaysia) Sdn. Bhd. (“DMSB”) (“MOU”) via an acquisition of 4,000,000 ordinary shares of RM1.00 each representing 20% of the issued and paid-up share capital in DMSB by Mitsui from MBMR (“the Acquisition by Mitsui” or “the Disposal by MBMR”).
This announcement is dated 21 October 2011 |
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| Company Name | MBM RESOURCES BHD |
| Stock Name | MBMR |
| Date Announced | 21 Oct 2011 |
| Category | General Announcement |
| Reference No | CM-111021-55506 |
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