MRCB to launch four projects with RM1.2b GDV

Ann (right) speaking to reporters after the AGM and EGM. Looking on is chief operating officer Kwan Joon Hoe.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has RM1.2bil worth of projects lined up for the financial year ending Dec 31, 2015.

Chief financial officer Ann Wan Tee said on Monday the company will be launching four to five projects this year with about RM1.2bil in gross development value (GDV).

“The immediate one which will probably be done by June is The Grid at Kia Peng. For that, the GDV is about RM400mil,” he said after MRCB’s shareholders meetings.

He added MRCB hopes to achieve 70% of sales from the GDV this year.
“We always target for at least 70% for the units available,” he said.

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