Monday 9 May 2016

EPF to buy 80% of MRCB’s ‘exchange’ land in privatisation of Bukit Jalil sports complex

The Employees Provident Fund (EPF) has offered to acquire 80% interest in ‘exchange’ land that Malaysian Resources Corp Bhd (MRCB) will be receiving under the National Sports Complex privatisation project for RM421.5 million. The remaining 20% will be hold by MRCB. The three parcels of leasehold ‘exchange land’ totalling 37.4 ha, make up the RM1.632 billion consideration for the proposed privatisation job undertaken by MRCB to refurbish and upgrade facilities at the National Sports Complex.

(The edge property, 25/04/2016)

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