MRCB ropes in TH Properties as a partner to develop 59INC


During the quarter in review, the car distributor registered a net profit of RM32.82mil compared with RM19.43mil in the corresponding period last year. Consequently, its earnings per share jumped to 8.4 sen from 4.97 previously

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has roped in the property arm of Lembaga Tabung Haji to take up a majority stake in a mixed development project in Setapak, Kuala Lumpur.

Under the deal, MRCB will sell a 70% stake in 59INC Sdn Bhd to TH Properties Sdn Bhd for RM100mil.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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