Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (Jan 8): Malaysian Resources Corp Bhd (MRCB) and Quill Capita Trust (QCT) have mutually agreed to extend the completion of the sales and purchase of Platinum Sentral between both parties by a further three months to April 9, 2015, a filing to Bursa Malaysia revealed this evening.

In a deal first mooted in January 2014, MRCB has proposed to dispose Platinum Sentral to QCT for a total consideration of RM750 million, in exchange for RM486 million cash, as well as 206.25 million new units in QCT at an issue price of RM1.28 per unit.

The issuance of new shares by QCT to MRCB would make the latter a major shareholder in the property trust, which is currently controlled by Singapore’s Capita Commercial Trust.

QCT was not traded today. It was last traded at RM1.20 yesterday (Jan 7).

      Print
      Text Size
      Share