MRCB says gearing slashed with Eastern Dispersal Link settlement
KUALA LUMPUR (Nov 26): Malaysian Resources Corp Bhd (MRCB) said it had received the settlement sum of RM1.
'The worst is over for MRCB', post EDL disposal
Malaysian Resources Corp Bhd announced last Monday that its wholly owned subsidiary MRCB Lingkaran Selatan Sdn Bhd entered into a termination and settlement agreement with the government on the Eastern Dispersal Link (EDL) concession.
MRCB’s EDL concession termination expected to reduce its net gearing
Malaysian Resources Corp Bhd (Nov 13, 74.
MRCB shares at 2-month high on anticipation of lower gearing
KUALA LUMPUR (Nov 13): Shares in Malaysian Resources Corp Bhd (MRCB) surged as much as 9% to hit an intraday high of 83 sen yesterday — its highest level in two months as investors reacted positively to a RM1.
MRCB-George Kent JV bags RM11.86b LRT3 job for Bandar Utama-Johan Setia portion
KUALA LUMPUR (Nov 5): MRCB-George Kent Sdn Bhd, a joint venture company between Malaysian Resources Corp Bhd (MRCB) and George Kent (Malaysia) Bhd, has bagged an RM11.
RM1.3b takeover of EDL a boon for MRCB
KUALA LUMPUR (Nov 5): The government’s announcement that it will take over the Eastern Dispersal Link (EDL) expressway from Malaysian Resources Corp Bhd (MRCB) for RM1.
MRCB, George Kent among most active as LRT3 project gets govt nod
KUALA LUMPUR (Oct 18): Shares in Malaysian Resources Corp Bhd (MRCB) and George Kent (Malaysia) Bhd were among the five top actively traded stocks this morning after MRCB George Kent Sdn Bhd said the government has agreed to continue with the Light Rail Transit Line 3 (LRT3) project at a cost of RM16.
MRCB balance sheet seen to improve further in 2H
Malaysian Resources Corp Bhd (Oct 12, 72 sen) Maintain buy with a target price of 98 sen: Malaysian Resources Corp Bhd’s (MRCB) balance sheet is expected to improve further in second half of financial year 2018 (2HFY18) with earnings enhancement largely due to the disposal of land in Kia Peng, Kuala Lumpur, which is to be concluded in the third quarter of FY18, and significant deleveraging expected from the disposal of its two key non-core assets — the Eastern Dispersal Link (EDL) with an outstanding debt of RM1.
RAM downgrades MRCB Southern Link’s RM845m sukuk
KUALA LUMPUR (September 27): RAM Ratings has downgraded the long-term rating of MRCB Southern Link Bhd’s RM845 million senior sukuk to C1 from BB3 on heightened default risk following the abolishment of toll collections at the Eastern Dispersal Link (EDL) which is being taken over by the government.
