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MRCB

Malaysian Resources Corporation Berhad
Publicly traded government-linked company
Traded as MYX:
ISIN MYL1651OO008
Industry
Founded 21 August 1986; 30 years ago (1986-08-21) (as Perak Carbide Corporation)
Headquarters Menara Allianz Sentral
203 Jalan Tun Sambanthan, Kuala Lumpur Sentral
, Malaysia
Key people
  • Azlan Zainol (Chairman)
  • Mohamad Salim Fateh Din (Group Managing Director)
Services
Revenue IncreaseRM1,515 million (2014)
Increase RM0,378 million (2014)
Increase RM0,184 million (2014)
Total assets Increase RM7,042 million (2014)
Total equity Increase RM1,986 million (2014)
Parent Employees Provident Fund
Subsidiaries
  • MRCB Land Sdn Bhd
Website www.mrcb.com.my

Malaysian Resources Corporation Berhad (commonly referred to as MRCB; MYX: ) is a construction and property development company based in Kuala Lumpur. It is the master developer of the Kuala Lumpur Sentral transport hub and business district.

MRCB was founded in 1968 as Perak Carbide Corporation Sdn Bhd, a carbide manufacturer, and went public in 1971. In 1981, it shifted its business focus to property development and took on its present name.

Since the 1990s, MRCB has led a consortium also comprising Keretapi Tanah Melayu and Pembinaan Redzai to develop and construct KL Sentral, the largest transportation hub in Malaysia. KL Sentral is the intersection of KTM Komuter, Intercity, Rapid Rail light rail transit (LRT), Express Rail Link to Kuala Lumpur International Airport and the proposed Klang Valley Mass Rapid Transit Project lines. The business district is also home to major local corporations including UEM, CIMB and Axiata, and the Malaysian headquarters of foreign multinationals such as Shell and General Electric. As of 2015, KL Sentral is almost fully developed aside from two lots set aside for future projects.

Township projects developed by MRCB include 9 Seputeh and Kota Semarak in the periphery of Kuala Lumpur. As of 2015, major projects in the pipeline include Penang Sentral, a similar transport hub for the northern city of Penang, PJ Sentral, a mixed residential and commercial development in the KL suburb of Petaling Jaya, and refurbishment of the Bukit Jalil National Stadium. It is also a joint venturer in the development of the town centre in the 2,330-acre Kwasa Damansara township in the Klang Valley, which is owned by its major shareholder, the Employees Provident Fund (EPF).


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