MRCB to unlock value at KL Sentral by selling some buildings


Kuala Lumpur Sentral CBD is an exclusive urban centre built around Malaysia

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) will be selling some of its buildings in KL Sentral once it achieves a reasonable amount of yield in order to have strong operating profits.

The move is part of a wider strategy to “control cost in the next one to two years”, as it improves its corporate profile and grows recurring income, according to chief financial officer Ann Wan Tee after an EGM.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , mrcb , selling , buildings , unlock , value , sentral ,

Next In Business News

Bursa Malaysia ends morning session lower on profit-taking
Kerjaya Prospek announces RM488.4mil residential job on Andaman Island
Vanzo secures distributorship of Liby products in Malaysia
Topmix launches myRuma, inks partnerships with RHB Bank, SP Setia
Bank Negara, SC convene inaugural meeting to advance Islamic finance agenda
HSS�eyes Southeast Asian growth on rising demand for halal bakery products
Ajinomoto (M) top gainer on RM20 apiece privatisation offer
KPMG Australia's chairman and two partners resign over audit scandal
Asia shares slip as markets reprice Fed expectations, oil gains
Ringgit improves vs greenback amid progress in West Asia peace talks

Others Also Read