Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | MBM RESOURCES BERHAD ("MBMR" or "the Company") - Share Sale and Purchase Agreement between MBM Resources Berhad ("MBMR") and Mitsui & Co., Ltd. ("Mitsui") on additional equity participation by Mitsui in Daihatsu (Malaysia) Sdn. Bhd. ("SPA") |
Reference is made to our previous announcement dated 1 June 2012 pertaining to the status of a memorandum of understanding between MBMR and Mitsui & Co., Ltd. Japan ("Mitsui" or "the Purchaser") for the proposed sale by the Company to Mitsui of a 20% stake in Daihatsu (Malaysia) Sdn. Bhd. ("DMSB") that would result in Mitsui increasing its stake in DMSB from 10% to 30%. The Board of Directors of MBMR wishes to announce that the Company has entered into a Share Sale and Purchase Agreement today with Mitsui ("SPA") with the intention of increasing Mitsui's equity participation by Mitsui in DMSB 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"). Please refer to the attachment for details of the announcement. This announcement is dated 27 February 2013. |
Company Name | MBM RESOURCES BHD |
Stock Name | MBMR |
Date Announced | 27 Feb 2013 |
Category | General Announcement |
Reference No | CK-130227-50809 |
Attachments