PETALING JAYA: After nearly 30 years, Malaysian Resources Corp Bhd (MRCB) is poised to join the “premier league” of the property development sector via its proposed merger with IJM Land Bhd. The company started in 1969, under the name Perak Carbide Sdn Bhd, with its core activity of carb...
PETALING JAYA: Property firms IJM Land Bhd and Malaysian Resources Corp Bhd (MRCB), which announced their plan last month to merge and potentially become the second largest property player, has aborted the plan. MRCB and IJM Land announced to Bursa Malaysia yesterday that the merger was aborted ...
I. PROPOSED DISPOSAL BY MRCB LAND SDN BHD OF 700,000 ORDINARY SHARES AND 2,282,000 REDEEMABLE PREFERENCE SHARES IN CSB DEVELOPMENT SDN BHD TO CYBERVIEW SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM219,038,500.30; AND II. PROPOSED ACQUISITION BY SUBANG SENTRAL SDN BHD OF SEVEN (7) PARCELS...
WTW has adopted the Residual Method of Valuation as the principal valuation method in arriving at the Market Value in view that MX-1 Land is part of Project MX-1 with a fixed plot ratio and development mix (commercial and residential). Under the Residual Method of Valuation, consideration is...