MRCB to raise funds

PETALING JAYA: Fresh from landing the redevelopment of Bukit Jalil National Sports Complex and part of the light rail transit three projects, Malaysian Resources Corp Bhd (MRCB) is proposing to place up to 20% of its issued and paid-up capital to raise up to RM612mil to expand its landbanks.

The construction and property company said it would raise between RM612.07mil or RM443.07mil depending on a maximum or minimum scenario based on an indicative price of RM1.24.