| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description |
MBM RESOURCES BERHAD ("MBMR" OR "THE COMPANY") DISPOSAL OF PROPERTY BY SUMMIT VEHICLES BODY WORKS SDN BHD ("SV"), A WHOLLY-OWNED SUBSIDIARY OF MBMR, TO AQ PACK (M) SDN BHD ("AQP"), A SUBSIDIARY OF MED-BUMIKAR MARA SDN BHD ("MBM"), A MAJOR SHAREHOLDER OF MBMR, FOR A CONSIDERATION SUM OF RM10,400,000 ("PROPOSED DISPOSAL") |
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Pursuant to Paragraph 10.08(1) of the Main Market Listing Requirement of Bursa Malaysia Securities Berhad (“Main LR”), the Board of Directors of MBMR (“Board”) wishes to announce that its wholly-owned subsidiary, SV has on 5 June 2017 entered into a Sale and Purchase Agreement (“SPA”) with AQP, a subsidiary of Med-Bumikar Mara Sdn Bhd, a major shareholder of the Company, for the disposal of the property more particularly described in item 2.3 of the attachement, for a total cash consideration of Ringgit Malaysia Ten Million Four Hundred Thousand (RM10,400,000.00) only (“Disposal Price”). Please refer to the attachment for details of the Proposed Disposal. This annoucement is dated 5 June 2017. |
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| Company Name | MBM RESOURCES BHD |
| Stock Name | MBMR |
| Date Announced | 05 Jun 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24052017-00016 |
Attachments
