MRCB up after option period extended
KUALA LUMPUR (July 6): Malaysian Resources Corp Bhd (MRCB) rose as much as 11 sen or 8% after the builder and property developer extended the option period to buy Nusa Gapurna Development Sdn Bhd's assets.
MRCB proves capability in work on National Sports Complex
Malaysian Resources Corp Bhd (July 5, RM1.
EPF, Gapurna to avoid MGO in MRCB cash call
KUALA LUMPUR (June 23): Malaysian Resources Corp Bhd (MRCB) said its major shareholders Employees Provident Fund (EPF) and Gapurna Sdn Bhd (GSB) will avoid triggering any mandatory general offer (MGO) while they apply for excess rights shares and warrants under the group’s cash call exercise.
Taman Tugu project well under way, says Khazanah
KUALA LUMPUR (June 20): The RM650 million Taman Tugu project in the federal capital led by Khazanah Nasional Bhd is well under way, according to a status update document on the project released yesterday.
MRCB buys DBKL land for RM335.5 mil
KUALA LUMPUR (June 16): Malaysian Resources Corp Bhd (MRCB), which is in the midst of undertaking a rights issue, is buying three parcels of land from Kuala Lumpur City Hall (DBKL) for RM335.
MRCB submits RM6 bil worth of construction tenders to replenish FY17 orderbook
KUALA LUMPUR (June 7): Malaysian Resources Corp Bhd (MRCB) has submitted construction bids worth RM6 billion as part of its exercise to replenish its orderbook for financial year ending Dec 31, 2017 (FY17), its executive director Mohd Imran Mohamad Salim said.
Tie-up with EPF helps reduce MRCB's cash flow burden, say analysts
KUALA LUMPUR (June 2): Malaysian Resources Corp Bhd's (MRCB) tie-up with the Employees Provident Fund (EPF) will help reduce the conglomerate's burden of having to finance the entire Bukit Jalil project here by itself, said analysts, who are positive on the proposed joint venture (JV).
MRCB ropes in EPF to develop Bukit Jalil land
KUALA LUMPUR (June 1): Malaysian Resources Corp Bhd (MRCB) is partnering with its largest shareholder, the Employees Provident Fund (EPF), to jointly develop three parcels of leasehold land in Bukit Jalil into an integrated development, which will have a potential gross development value (GDV) of RM21 billion over a 20-year period.
MRCB first-quarter net profit rises over twofold to RM10.46 mil
KUALA LUMPUR (May 30): Malaysian Resources Corp Bhd (MRCB) saw its net profit for the first financial quarter ended March 31, 2017 (1QFY17) more than double to RM10.
