George Kent to exit LRT3 joint venture

In a filing with Bursa Malaysia yesterday, MRCB said it had received George Kent’s unconditional acceptance to sell the five million ordinary shares held by George Kent Rail Sdn Bhd in MRCB-GK Sdn Bhd (MRCB-GK)

PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) will be taking over George Kent (M) Bhd’s 50% stake in the light rail transit 3 (LRT3) project joint venture (JV) for RM53mil.

In a filing with Bursa Malaysia yesterday, MRCB said it had received George Kent’s unconditional acceptance to sell the five million ordinary shares held by George Kent Rail Sdn Bhd in MRCB-GK Sdn Bhd (MRCB-GK).