Free artist management contract 45Free artist management contract 45Free artist management contract 45
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MALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR THE “COMPANY”)
MANAGEMENT CONTRACT BETWEEN BUKIT JALIL SENTRAL PROPERTY SDN BHD (“BJSP”
OR “JV CO”), A WHOLLY-OWNED SUBSIDIARY OF RUKUN JUANG SDN BHD, WHICH IN TURN
IS A 85%-OWNED SUBSIDIARY OF MRCB LAND SDN BHD (“MRCB LAND”), AND MRCB LAND,
A WHOLLY-OWNED SUBSIDIARY OF MRCB, FOR THE APPOINTMENT OF MRCB LAND AS
THE MANAGEMENT CONTRACTOR IN CONNECTION WITH THE DEVELOPMENT AND
CONSTRUCTION OF A MIXED DEVELOPMENT ON THREE (3) PARCELS OF LEASEHOLD
LAND LOCATED IN BUKIT JALIL, FOR A PROVISIONAL TOTAL PROJECT SUM OF
RM11,007,326,245 (“PROPOSED CONSTRUCTION”)

1.

INTRODUCTION
On 31 May 2017, RHB Investment Bank Berhad (“RHB Investment Bank”), on behalf of the board of
directors of MRCB (“Board”), announced that MRCB, Rukun Juang Sdn Bhd (“RJSB”), Tanjung
Wibawa Sdn Bhd (“TWSB”) and BJSP had entered into a subscription and shareholders’ agreement
(“SSA”) which entails the following:(a)

RJSB and TWSB will co-invest in a special purpose company