‘GIC, Jardine Group keen on MRCB’
Judging by the size and the modus operandi of both outfits, it would not be surprising if they both decide to take up a substantial stake via MRCB’s proposed private placement exercise.
Judging by the size and the modus operandi of both outfits, it would not be surprising if they both decide to take up a substantial stake via MRCB’s proposed private placement exercise.
This means there are now three interested parties keen on acquiring a 60% stake in Bandar Malaysia Sdn Bhd, sources say.
This could lead to rates remaining the same.
It is learnt that state-controlled unit trust company Permodalan Nasional Bhd (PNB) — the owner of the KL118 — is favouring the UEM-Samsung consortium, over the other two shortlisted candidates, Malaysian Resources Corp Bhd (MRCB)-China State Construction Engineering Corp consortium, and WCT Bhd and its joint venture partner Arabtec Construction LLC.
But Prasarana says evaluation is still ongoing and no front runners have been identified