MRCB to inject asset into Quill REIT

PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) is in "mature" negotiations to inject its KL Sentral flagship office – Platinum Sentral – into Quill Capita Trust Bhd in return for cash and shares. This, in turn, could lead to MRCB emerging as the single largest shareholder of Quill Capita.

At the same time, MRCB is also buying into the management company of Quill Capita called Quill Capita Management Sdn Bhd. Sources said MRCB would buy out one of the major owners of the latter.