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MRCB buys three plots of land from KL City Hall for RM335.5 mil

Mimi Sabreena 9:01:00 PM Informasi

KUALA LUMPUR (June 15): 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 for RM335.5 million cash.

In its filing with Bursa Malaysia this evening, MRCB said its indirect subsidiary unit, Metro Spectacular Sdn Bhd, entered into a sale and purchase agreement with City Hall for the land acquisition.

Metro Spectacular is a 51%-owned subsidiary of MRCB Land Sdn Bhd, a wholly-owned unit of MRCB.

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