MRCB forms joint venture for RM6.25bil Ipoh transit project


Artist’s impression of the bus terminal planned for Ipoh Sentral. — Courtesy of MRCB

PETALING JAYA: Malaysian Resources Corp Bhd (MRCB), through its wholly owned subsidiary Country Annexe Sdn Bhd (CASB), has entered into a joint venture development agreement with Ipoh Sentral Sdn Bhd (ISSB) to undertake the proposed Ipoh Sentral project in Ipoh, Perak.

In a filing with Bursa Malaysia, MRCB said the agreement formalises the collaboration for a proposed mixed-use development based on a transit-oriented development (TOD) model on two parcels of leasehold land.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Trading ideas: NuEnergy, Nexgram, PLB Engineering, Sapura Industrial, Borneo Oil
PETRONAS seals LNG supply deal with CNOOC
SIB disposes of Seremban land for RM25mil
Utility contracts set to drive Steel Hawk earnings
Nexgram focuses on core operations
Perak Transit eyes growth from terminal expansion
Borneo Oil’s associate seeks Nasdaq listing
Nam Cheong nets US$20.5mil in vessel sale
Trive Property to bank on its rental income
Fruit and vegetable exports rebound

Others Also Read