Malaysian Resources Corporation Bhd (MRCB) has entered into an agreement to acquire a holding company that would give it a 24.9% shareholding in major property developer UDA Holdings Bhd for RM88mil cash.
Group chairman Datuk Seri Syed Anwar Jamalullail said MRCB had signed a deal to take over the entire stake of 320,000 shares in Landas Utama Sdn Bhd, which owns nearly 25% of UDA.
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