MRCB to raise up to RM612mil through private placement

MRCB, the developer of Kuala Lumpur Sentral central business district (see pic), will use the lion's share of the proceeds for property development activities.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) plans to raise gross proceeds of up to RM612.1mil through a proposed private placement of up to 20% of its issued and paid-up capital.