F&N’s loss, MRCB’s gain

CLEARLY, Malaysian Resources Corp Bhd (MRCB) does not like to waste time. Having only just completed the acquisition of Landas Utama Sdn Bhd, which owns 24.9 per cent stake in Uda Holdings Bhd, it is now eager to tap the expertise that has become readily available.  

That in a nutshell wraps up MRCB's greatest motivation of what seems like a speedy purchase of a 50 per cent interest in a joint venture company (in which it already owns 50 per cent) from Fraser & Neave Holdings Bhd and a related company for RM2.5 million.