MRCB bags RM204.7 mil worth of infrastructure jobs

KUALA LUMPUR (Sept 20): Malaysian Resources Corp Bhd (MRCB) announced it had secured two infrastructure construction jobs for a total contract sum of RM204.7 million.

The first, said MRCB in a filing yesterday, is for the construction and completion of elevated stations and other associated works at the Cyberjaya City Centre and Putrajaya Sentral (Package S210) for MRT Corp Sdn Bhd for a contract sum of RM145.8 million.

The second, it added, was a RM58.9 million contract to construct Larkin Indoor Stadium in Johor Bahru for Johor Land Bhd. The indoor stadium job is expected to take 18 months from the date of site possession.

“Both of the projects are expected to contribute positively to the future earnings of the group,” it added.

At 5pm, shares in MRCB closed unchanged at RM1.19 after 1.75 million shares were traded, giving it a market capitalisation of RM2.61 billion.

This article first appeared in The Edge Financial Daily, on Sept 20, 2017.

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