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Transactions (Chapter 10 Of Listing Requirements):Non Related Party Transactions

BackMar 04, 2013
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description MBM RESOURCES BERHAD ("MBMR" or "the Company")
COMPLETION OF SHARE SALE AND PURCHASE AGREEMENT (“SPA”) BETWEEN MBM RESOURCES BERHAD (“MBMR”) AND MITSUI & CO., LTD. (“MITSUI”) ON ADDITIONAL EQUITY PARTICIPATION BY MITSUI IN DAIHATSU (MALAYSIA) SDN. BHD. (“DMSB”)

Reference is made to our previous announcement dated 27 February 2013 pertaining to the entry by the Company of a Share Sale and Purchase Agreement with Mitsui & Co., Ltd (“Mitsui”) (“SPA”) to dispose of 4,000,000 ordinary shares of RM1.00 each representing 20% of the issued and paid-up share capital held by MBMR in DMSB to Mitsui (“the Acquisition by Mitsui” or “the Disposal by MBMR”).

The Board of Directors of MBMR wishes to announce that the Acquisition by Mitsui and Disposal by MBMR was completed today with the receipt by MBMR of the cash consideration of Ringgit Malaysia Eighty Three Million Two Hundred and Sixty Four Thousand (RM83,264,000) in full.

This announcement is dated 4 March 2013.

 


Announcement Info

Company Name MBM RESOURCES BHD  
Stock Name MBMR    
Date Announced 4 Mar 2013  
Category General Announcement
Reference No CK-130304-63769