MRCB rises 4.27% on receiving RM1.07b from EPF

KUALA LUMPUR (Dec 20): Malaysian Resources Corporation Bhd (MRCB) rose 4.27% this morning after it received RM1.07 billion from the Employees Provident Fund (EPF) for its 80% subscription in Bukit Jalil Sentral Property Sdn Bhd (BJSP), the special purpose joint venture company undertaking the development of Bukit Jalil Sentral.

At 9.10am, MRCB rose 2.5 sen to 61 sen with 5.99 million shares traded.

Bukit Jalil Sentral, which measures 76.14 acres, is a mixed development project with a GDV of RM21 billion. The 80% equity interest in BJSP will reside with the EPF’s unit Tanjung Wibawa Sdn Bhd, and MRCB’s subsidiary Rukun Juang Sdn Bhd will retain a 20% equity interest. — theedgemarkets.com

Click here for more property stories.