MALAYSIA PRESS-MRCB mulls divestment of highway

Thu Sep 26, 2013 8:26pm EDT

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Malaysian Resources Corp Bhd (MRCB), which is now under the helm of entrepreneur Mohamad Salim Fateh Din, is mulling the divestment of its 30 percent stake in Duta-Ulu Kelang Expressway (Duke), sources said.

It is understood that MRCB is seeking a valuation of between 180 million ringgit to 200 million ringgit for its 30 percent stake in Duke, which has started to generate a healthy cash flow and met its internal rate of returns.

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