MRCB: Two par­ties in­di­cate in­ter­est in EDL Ex­press­way

The Sun (Malaysia) - - MEDIA & MARKETING -

PE­TAL­ING JAYA: Malaysian Re­sources Corp Bhd (MRCB) has re­ceived in­di­ca­tions of in­ter­est from two par­ties – PLUS Malaysia Bhd and a client of ZJ Ad­vi­sory Sdn Bhd – to ac­quire the com­pany’s eq­uity stake in MRCB Lingkaran Se­la­tan Sdn Bhd, the con­ces­sion holder of the East­ern Dis­per­sal Link (EDL) Ex­press­way in Jo­hor.

“We will make the nec­es­sary an­nounce­ment as and when the terms of the pro­posed dis­posal have been fi­nalised,” MRCB said in a stock ex­change fil­ing.

In Au­gust, UEM Group Bhd had said that it was in­ter­ested in ac­quir­ing the ex­press­way if the price is right.

The con­ces­sion is worth more than RM1.2 bil­lion and sell­ing its stake will help MRCB fi­nance its jobs.

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