KUALA LUMPUR: CGS-CIMB Equities Research is positive on Malaysian Resources Corp Bhd’s (MRCB) foray into New Zealand with Panuku Development Auckland to undertake a transport-orientated development (TOD) there with a GDV of RM1.3bil.
“This is a positive development for its overseas property development venture and one that leverages on the group's experience in TODs in Malaysia, ” it said on Wednesday.
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