MALAYSIAN Resources Corp Bhd (MRCB) is negotiating a 70% stake in Peninsular Metroworks Sdn Bhd (PMW), the concessionaire for the Penang Outer Ring Road (PORR) project.
It was reported early this month that MRCB, specialising in infrastructure development, engineering and construction and property development, was looking to take up a lead stake in PMW. Group managing director and chief executive officer Shahril Ridza Ridzuan had declined to comment.
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