One of the factors is the company’s gearing level,” said an analyst. Last October, MRCB announced that it had received two interested parties to acquire stakes in MRCB Lingkaran Selatan Sdn Bhd, the concession holder of the EDL expressway. Last year, Prime Minister Datuk Seri Najib Tun Razak announced that MRCB would undertake the job to redevelop the KL PWTC. For this year, MRCB has set a target of achieving between RM1bil and RM1.5bil in property sales from residential development projects next to KL Sentral, known as Sentral Suites. The research house reckons that the Celcom Tower would likely be the next target for disposal by MRCB.

Source: The Star March 06, 2017 22:41 UTC