F&N’s loss, MRCB’s gain


  • Business
  • Saturday, 12 Apr 2003

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. 

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!

Next In Business News

Maeko makes food waste a resource
Bond buyers scour Americas
Credibility is Malaysia’s 2026 test
A question of adequate coverage
Investors chase broadening markets
US policy boosts Singapore banks
Painful trade-offs
Creating designs that resonate
Indonesian hiccup or structural concern?
Tech stocks hit by fresh AI fears

Others Also Read