Malaysian Resources Corp Bhd (MRCB) has entered into a conditional agreement to buy all the shares held by Gapurna Sdn Bhd in GSB Sentral Sdn Bhd, representing a 60% equity interest, with 17.91 million redeemable preference shares of 1 sen each for a purchase consideration of RM105mil.
GSB Sentral owns a lot measuring 91,040 sq ft along Jalan Brickfields which has been approved for a mixed development.
of office and service apartments with total gross floor area of 1.47 million sq ft and an estimated gross development value of RM850mil.
- by thestar.com.my
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