lol you should pray that it get the bumi title asap else it doesn't have the power to secure project like azrb and the private placement will become meaningless
The Company had on 26 May 2016 requested for the suspension of trading of its securities for one (1) market day, that is, from 9.00 a.m. on 26 May 2016 to 5.00 p.m. on 26 May 2016 pending a material announcement of a related party transaction where the percentage ratio calculated in accordance with Chapter 10 of the Main Market Listing Requirements exceeds 5%, thereby requiring shareholders’ approval.
The request for suspension is made under Paragraph 3.1(b) of Practice Note 2 of the Listing Requirements on Requests for Suspension.
Bursa Securities had on 26 May 2016 approved its request for the suspension in trading of its securities from 9.00 a.m. on 26 May 2016 to 5.00 p.m. on 26 May 2016.
On behalf of the Board of Directors of MRCB (“Board”), RHB Investment Bank Berhad (“RHB Investment Bank”) wishes to announce that MRCB Builders, a wholly-owned subsidiary of MRCB, had on 26 May 2016, entered into a project delivery partner agreement with KLSB whereby KLSB has appointed MRCB Builders as a PDP in connection with the construction and completion of common infrastructure for the Majlis Bandaraya Petaling Jaya area at the proposed Kwasa Damansara Township located on a piece of land (formerly known as Rubber Research Institute Malaysia land) in Sungai Buloh measuring approximately 2,330.42 acres, for a provisional fee of RM112.28 million (excluding 6% goods and services tax and reimbursable costs as set out in Note 2 of Section 2.2 of this Announcement) (“Proposed PDP Contract”).
Further details of the Proposed PDP Contract are set out in the attachment below.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Devil86
149 posts
Posted by Devil86 > 2016-05-13 08:13 | Report Abuse
yes win project... finally...