| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
SHARE SALE AGREEMENTS (AGREEMENTS) ENTERED INTO BETWEEN ORIENTAL EXTRUSIONS SDN BHD (OESB OR PURCHASER), A WHOLLY-OWNED SUBSIDIARY OF MBMR, AND: (I) CENTRAL MOTOR WHEEL CO., LTD (CMW); AND (II) TOYOTA TSUSHO CORPORATION OF JAPAN (TTC), (COLLECTIVELY THE VENDORS), IN RESPECT OF THE PURCHASE OF THE SHARES HELD BY CMW AND TTC IN ORIENTAL METAL INDUSTRIES SDN BHD (OMI); AND AGREEMENT TO TERMINATE THE JOINT VENTURE AGREEMENT DATED 21 NOVEMBER 2005, ENTERED INTO BETWEEN OESB, CMW AND TTC |
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Pursuant to Paragraph 10.05 of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa”), the Board of Directors of MBMR wishes to announce that its wholly owned subsidiary, OESB (Company No. 36865-A), has on 12 February 2018 entered into the Agreements with CMW and TTC to purchase the remaining shares in OMI held by CMW and TTC (“Transactions”). OESB, CMW and TTC has also on entered into an Agreement to Terminate the JV Agreement dated 21 November 2005 (“Termination Agreement”) entered into between OESB, CMW and TTC.The Termination Agreement is conditional upon the completion of the Proposed Acquisition. Kindly refer to the attachment for further details.
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Please refer attachment below.
| Company Name | MBM RESOURCES BHD |
| Stock Name | MBMR |
| Date Announced | 12 Feb 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12022018-00061 |
Attachments
