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.
KL Sentral air conditioners to be disabled from Fri night to Sat noon
KUALA LUMPUR (September 19): The air-conditioning system for KL Sentral will be temporarily offline for the purposes of maintenance from this Friday night to this Saturday noon, the station’s developer MRCB has said.
LRT3 project to resume in November with lower costs
KUALA LUMPUR (September 17): The Light Rail Transit 3 (LRT3) project is expected to continue in November, after contractors agreed to lower project costs.
MQREIT sees 4.48% traded off-market
KUALA LUMPUR (Aug 21): MRCB-Quill REIT (MQREIT) saw 48 million of its units cross off-market today.
Khazanah chief Shahril exits Media Prima, MBSB, MRCB
KUALA LUMPUR (Aug 21): As he clocked in as Khazanah Nasional Bhd’s new managing director yesterday, Datuk Shahril Ridza Ridzuan (pictured) resigned from the board of directors of three companies, namely Media Prima Bhd, Malaysia Building Society Bhd (MBSB) and Malaysian Resources Corp Bhd (MRCB) as their non-independent, non-executive director.
