TheMalaysian Resources Corporation Berhad(MYX:1651,commonly referred to asMRCB) is a Malaysianconstructionandproperty developmentcompany based inKuala Lumpur.It is the master developer of theKuala Lumpur Sentraltransport hubandbusiness district.[2]
 | |
| Formerly | Perak Carbide Corporation (1968–1981) |
|---|---|
| Company type | Public limited company |
| MYX:1651 | |
| ISIN | MYL1651OO008 |
| Industry | |
| Founded | 21 August 1968(as Perak Carbide Corporation) |
| Headquarters | Menara Allianz Sentral ,203 Jalan Tun Sambanthan,Kuala Lumpur Sentral Malaysia |
Key people |
|
| Services |
|
| Revenue |  RM2,408 million (2016)[1] |
| RM393 million (2016)[1] | |
| RM319 million (2016)[1] | |
| Total assets | RM7,507 million (2016)[1] |
| Total equity | RM3,025 million (2016)[1] |
| Subsidiaries |
|
| Website | www |
With the EPF as a significant shareholder (38 percent), MRCB is considered agovernment-linked company(GLC) in Malaysian business circles.[3]
History
editMRCB was founded in 1968 as Perak Carbide Corporation Sdn Bhd, acarbidemanufacturer, andwent publicin 1971.[4]In 1981, it shifted its business focus to property development and took on its present name.[3]
Since the 1990s, MRCB has led aconsortiumalso comprisingKeretapi Tanah Melayuand Pembinaan Redzai to develop and construct KL Sentral, the largest transportation hub in Malaysia.[5]KL Sentral is the intersection ofKTM Komuter,ETS,Rapid Rail(LRT and monorail),Express Rail LinktoKuala Lumpur International Airportand the newly openedKVMRTSungai Buloh-Kajang line.[6]The business district is also home to major local corporations includingUEM,CIMBandAxiata,and the Malaysian headquarters of foreign multinationals such asShellandGeneral Electric.As of 2015, KL Sentral is almost fully developed aside from two lots set aside for future projects.[2]
Township projects developed by MRCB include 9 Seputeh and Kota Semarak in the periphery of Kuala Lumpur.[7]As of 2015, major projects in the pipeline includePenang Sentral,a similar transport hub for the northern city ofPenang,PJ Sentral, a mixed residential and commercial development in the KL suburb ofPetaling Jaya,and refurbishment of theBukit Jalil National Stadium.[8][9][10]It is also ajoint venturerin the development of the town centre in the 2,330-acreKwasa Damansaratownship in theKlang Valley,which is owned by its major shareholder, theEmployees Provident Fund(EPF).[11]
Notable projects
edit- Kuala Lumpur Sentral
- Petaling Jaya Sentral Garden City
- Penang Sentral
- Kwasa Sentral
- The Symphony Centre
- Kuala Lumpur Sentral Suites
- 1060 Carnegie -Melbourne,Australia
- TRIA Residences @ 9 Seputeh
- VIVO Residential Suites @ 9 Seputeh
- Kalista Park Homes,Bukit Rahman Putra
- Alstonia Hilltop Homes, Bukit Rahman Putra[12]
- Sungai Langat Flood Mitigation - Phase 2
- Sungai Pahang Flood Mitigation - Phase 3[13]
References
edit- ^abcdeAnnual Report 2016(pdf),Malaysian Resources Corporation Berhad, 2016-12-31,retrieved2017-07-05
- ^abWong, Joseph (2014-04-23)."MRCB saves best for last at KL Sentral".theantdaily.Retrieved2015-08-22.
- ^abSharidan M. Ali (2010-11-29)."MRCB to go big in the property sector".The Star.Archived fromthe originalon 2017-02-02.Retrieved2015-08-22.
- ^Memorandum of Understanding on the Proposed Merger between MRCB and IJM Land Berhad By Way of a Members' Scheme of Arrangement Under Section 176 of the Companies Act, 165 via a Newly Incorporated Company(PDF),Malaysian Resources Corporation Berhad, 2010-11-23,retrieved2015-08-22
- ^"Welcome to Kuala Lumpur Sentral".klsentral.my.
- ^"Welcome to Kuala Lumpur Sentral".
- ^Lee, Wen Khuen (2015-05-12)."MRCB optimistic on property sales".The Sun.Retrieved2015-08-22.
- ^Farah Wahida (2014-09-30)."MRCB gets approval for Penang Sentral project".PropertyGuru.Retrieved2015-08-22.
- ^"MRCB, Nusa Gapurna and PKNS settle suit over RM3 billion PJ Sentral project".The Malaysian Insider.2014-06-21. Archived fromthe originalon 2016-03-04.Retrieved2015-08-22.
- ^Mahalingam, Eugene (2015-07-01)."MRCB gets RM1bil Bukit Jalil stadium job".The Star.Retrieved2015-08-22.
- ^"MRCB, Kwasa Land firm up JV to build a town centre in RRI land".The Star.2014-08-15.Retrieved2015-08-22.
- ^"Property Development and Investment | MRCB".mrcb.my.Retrieved2024-11-14.
- ^"Gamuda, IJM likely RM6bil flood tunnel job winners".The Star.Retrieved2024-11-14.
External links
edit- Business data for Malaysian Resources Corporation Berhad: