Asia
Malaysian Resources Unit Closes Acquisition of Bukit Jalil Sentral Property; Shares Drop 3%
Malaysian Resources' (KLSE:MRCB) indirect unit Rukun Juang has completed the acquisition of an 80% stake in Bukit Jalil Sentral Property, according to a Monday Malaysian bourse filing.Shares fell over 3% in Tuesday's late morning trade.The property was purchased from the Employees Provident Fund Board's unit, Tanjung Wibawa. MRCB paid the remaining 1.42 billion ringgit purchase consideration in cash, and settled shareholder advances of 69.2 million ringgit.Bukit Jalil Sentral Property has now become an indirect wholly owned unit of Malaysian Resources, it said.
KLSE:MRCB
