News about Malaysian Resources Corp

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.

KUALA LUMPUR (Nov 12): Malaysian Resources Corp Bhd (MRCB)’s indirect wholly-owned subsidiary MRCB Lingkaran Selatan Sdn Bhd(MLSSB) (MLSSB) has entered into a termination and settlement agreement with the government, in relation to the Concession Termination of the Eastern Dispersal Link Expressway (EDL).

Malaysian Resources Corp Bhd (Nov 8, 77.

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.

Malaysian Resources Corp Bhd (Oct 18, 77.

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.

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.

KUALA LUMPUR (Aug 21): MRCB-Quill REIT (MQREIT) saw 48 million of its units cross off-market today.

SUNGAI BULOH: Malaysian Resources Corporation Bhd (MRCB) will introduce a hybrid residential development in Bukit Rahman Putra, Sungai Buloh, Selangor this September.

KUALA LUMPUR (July 23): A chunk of the increase in costs for the light rail transit Line 3 (LRT3) project — from RM9 billion to RM31.