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MRCB climbs after getting land

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MRCB climbs after getting land Empty MRCB climbs after getting land

Post by hlk Wed 06 Jul 2011, 20:39



Malaysian Resources Corp, a property and building group, rose to a two-week high after saying it will be given two parcels of land in Kuala Lumpur in return for building offices, staff quarters and road upgrading works for the government.

The stock climbed 0.9 per cent to RM2.24, headed for the highest close since June 22.

The company plans a mixed property project worth RM1 billion on the land, it said in a statement yesterday. -- Bloomberg


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