Friday, December 23, 2011

MRCB shares rise on Sabah EPF building upgrade contract

KUALA LUMPUR (Dec 23): MALAYSIAN RESOURCES CORP []oration Bhd shares edged up on Friday after its unit MRCB Engineering Sdn Bhd has been awarded a RM13.93 million contract to upgrade the Sabah Employees Provident Fund (EPF) building.

At 9.26am, MRCB gained two sen to RM2.09 with 191,300 shares done.

MRCB said on Thursday that the project involved renovating and upgrading the EPF Building in Kota Kinabalu, Sabah of approximately 400,000 square feet.

MRCB said the project would be financed via internally generated funds and/or borrowings, and completed within 18 months from Jan 16, 2012.

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