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KUALA LUMPUR (April 21): Malaysian Resources Corp Bhd (MRCB) completed its proposed acquisition of 80% equity interest in Bukit Jalil Sentral Property Sdn Bhd (BJSP), with the balance of the purchase consideration fully paid to the vendor on Monday (April 20).
MRCB's subsidiary Rukun Juang Sdn Bhd (RJSB) — a wholly-owned subsidiary of MRCB Land Sdn Bhd, which is in turn a wholly-owned subsidiary of MRCB — paid the balance of the purchase consideration amounting to RM1,420,906,521 in cash to Tanjung Wibawa Sdn Bhd, a wholly-owned subsidiary of the Employees Provident Fund (EPF) Board.
In addition, RJSB fully settled the shareholder advances amounting to RM69,214,977 for and on behalf of BJSP on the same date.
Consequently, the proposed acquisition has been completed in accordance with the terms of the share sale agreement, and BJSP has become an indirect wholly-owned subsidiary of MRCB with effect from Monday.
The Bukit Jalil Sentral site is a large 76-acre plot situated directly adjacent to the National Sports Complex and the Axiata Arena. In a related news in Nov 2025, Kenanga IB highlighted "the strategic location of the lands — about 1.9km from MRANTI Park in Bukit Jalil, a key hub for hyperscale data centre development — and their strong connectivity to major highways and public transport networks, including the Sri Petaling and Bukit Jalil LRT stations and the Sungai Besi MRT station".
AmInvestment Bank Bhd acted as adviser for the transaction on behalf of the board of MRCB.
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MRCB’s 80% stake buyout in Bukit Jalil Sentral Property from EPF deemed 'fair and reasonable'
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