MRCB: No offer to buy KL Sentral stake

  • Business
  • Wednesday, 15 Jan 2003

MALAYSIAN Resources Corp Bhd (MRCB) has not received any indication or proposal from UDA Holdings Bhd or any other party to acquire its equity interest in Kuala Lumpur Sentral Sdn Bhd.  

The company was responding to a query from the KLSE after an article in a business weekly said that MRCB’s KL Sentral project was likely to be injected into UDA in the future. 

MRCB had said on Monday that it was in talks with shareholders of Landas Utama Sdn Bhd to buy the entire stake in that company, which owned a 24.9% stake in property developer UDA Holdings, but gave no further details. – AFX 

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