MRCB deal injects new life into company

Q City Mall view from the top, artist impression

In a lull since 2008, real estate investment trust (REIT) Quill Capita Trust Bhd is being injected with a new lease of life.

This follows the just announced deal that it will acquire Platinum Sentral from Malaysia Resources Corp Bhd (MRCB) in return for cash and shares. As a result, MRCB will become the single largest shareholder in QCT with a 31% stake.