Malaysian Resources Corp secures $2.2 bln township development project

KUALA LUMPUR, June 30 Mon Jun 30, 2014 7:06am EDT

Related Topics

KUALA LUMPUR, June 30 (Reuters) - Construction firm Malaysian Resources Corporation Bhd has secured the bid for a 7 billion ringgit ($2.2 billion) township property development project from the country's pension fund.

The land for the project spans 64 acres, the company said in a local stock exchange filing, adding it will provide more details of the award upon finalisation and signing of the definitive agreement.

Shares of Malaysian Resources Corporation ended 1.16 percent lower at 1.71 ringgit per share. The broader index rose 0.09 percent. ($1=3.2095 Malaysian ringgit) (Reporting By Yantoultra Ngui; Editing by Greg Mahlich)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.