KUALA LUMPUR (Aug 16): Malaysian Resources Corp Bhd (MRCB) shares rose 4.27% in active trade this morning after it  secured a contract in relation to the construction of the Damansara-Shah Alam Elevated Highway (DASH) for RM369 million.

At 9.03am, MRCB rose 5 sen to RM1.22 with 2.91 million shares traded.

MRCB said it received a Letter of Acceptance from Turnpike Synergy Sdn Bhd to undertake the contract.

DASH is a 20.1km three-lane dual carriageway connecting Puncak Perdana in Shah Alam to Damansara Perdana in Petaling Jaya.

MRCB said the 26-month project is anticipated to commence by end-August this year, to be completed by October 2019. — theedgemarkets.com

For more stories, download TheEdgeProperty.com pullout here for free.

SHARE
SPONSORED CONTENT
KLK TechPark @ Tanjong Malim—Freehold industrial hub driving Malaysia’s automotive, high-tech future

KLK Land managing director Lee Wen Ling said KLK TechPark is positioned to deliver long-term value not just for investors, but for the wider ecosystem of manufacturers and developers seeking scalable, sustainable and strategically located assets.

read more
RELATED POSTS
  1. Berjaya Land launches RM398 mil Bayu Timur Residences in Shah Alam
  2. MRCB’s 80% stake buyout in Bukit Jalil Sentral Property from EPF deemed 'fair and reasonable'
  3. MRCB inks MOU with RUA AlHaram AlMakki for King Salman Gate development in Makkah