MRCB sells Duke stake, Ekovest buys highway concession for RM230mil


PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) is divesting its 30% stake in the concessionaire of Duta-Ulu Kelang Expressway (Duke) to Ekovest Bhd for RM230mil in a cash deal, sources said.

The deal is expected to be completed by the end of this month. Sources said MRCB held its board meeting yesterday and approved the sale of Duke.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , MRCB , Duke , Ekovest

Next In Business News

Ringgit opens firmer on weaker US$, 4Q GDP optimism
FBM KLCI seen consolidating ahead of GDP release, CNY holiday
Trading ideas: Steel Hawk, Critical, GDB, Hextar Industries, Infraharta, MFM, MGB, Oriental, UEM Sunrise, Maxis, SKP
Malaysia clinches RM1.8bil sales at Gulfood 2026
Steel Hawk unit secures PETRONAS deal
One Credit debuts smart fintech system
Dividend yield catalyst for CelcomDigi re-rating
HIB acquires 51% stake in Woodpeckers
Dialog enters recovery year driven by midstream recurring income
OGX launches IPO ahead of ACE Market listing

Others Also Read