MRCB
{{Short description|Malaysian construction and property development company}}
{{Infobox company
| name = Malaysian Resources Corporation Berhad
| logo = Malaysian Resources Corporation Berhad logo.png
| type = Public limited company
| traded_as = {{myx|1651}}
| ISIN = MYL1651OO008
| former_name = Perak Carbide Corporation (1968–1981)
| foundation = {{Start date and age|df=yes|1968|08|21}} (as Perak Carbide Corporation)
| location_city = Menara Allianz Sentral
203 Jalan Tun Sambanthan, Kuala Lumpur Sentral
| location_country = Malaysia
| key_people = {{plainlist |
- Azlan Zainol (Chairman)
- Imran Mohamad Salim (Group Managing Director)
}}
| industry = {{plainlist|
}}
| services = {{flatlist|
- Engineering
- Construction
- Commercial, residential and leisure property development
- Property investment
- Facilities management
- Environmental engineering
- Toll road concessions
}}
| revenue = {{nowrap|{{increase}} RM2,408 million (2016){{citation |title=Annual Report 2016 |url=http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=180142&name=EA_DS_ATTACHMENTS |publisher=Malaysian Resources Corporation Berhad |date=2016-12-31 |access-date=2017-07-05 |format=pdf}}}}
| operating_income = {{nowrap|{{increase}} RM{{0|0,}}393 million (2016)}}
| net_income = {{nowrap|{{increase}} RM{{0|0,}}319 million (2016)}}
| assets = {{nowrap|{{increase}} RM7,507 million (2016)}}
| equity = {{nowrap|{{increase}} RM3,025 million (2016)}}
| subsid = {{plainlist |
- MRCB Land Sdn Bhd
}}
| homepage = {{url|http://www.mrcb.com.my}}
}}
The Malaysian Resources Corporation Berhad ({{myx|1651}}, commonly referred to as MRCB) is a Malaysian construction and property development company based in Kuala Lumpur. It is the master developer of the Kuala Lumpur Sentral transport hub and business district.
With the EPF as a significant shareholder (38 percent), MRCB is considered a government-linked company (GLC) in Malaysian business circles.
History
MRCB was founded in 1968 as Perak Carbide Corporation Sdn Bhd, a carbide manufacturer, and went public in 1971.{{citation |title=Memorandum of Understanding on the Proposed Merger between MRCB and IJM Land Berhad By Way of a Members' Scheme of Arrangement Under Section 176 of the Companies Act, 165 via a Newly Incorporated Company |url=http://ir.chartnexus.com/mrcb/website_HTML/attachments/attachment_13222_1290508017.pdf |publisher=Malaysian Resources Corporation Berhad |date=2010-11-23 |access-date=2015-08-22 }} In 1981, it shifted its business focus to property development and took on its present name.{{cite news |title=MRCB to go big in the property sector |url=http://www.thestar.com.my/Story/?sec=bu&file=%2F2010%2F11%2F29%2Fbusiness%2F7509941 |newspaper=The Star |author=Sharidan M. Ali |date=2010-11-29 |access-date=2015-08-22 |archive-url=https://web.archive.org/web/20170202001516/http://www.thestar.com.my/story/?sec=bu&file=%2F2010%2F11%2F29%2Fbusiness%2F7509941 |archive-date=2017-02-02 |url-status=dead }}
Since the 1990s, MRCB has led a consortium also comprising Keretapi Tanah Melayu and Pembinaan Redzai to develop and construct KL Sentral, the largest transportation hub in Malaysia.{{cite web|url=http://www.klsentral.com.my/AUS_CorpInfo.aspx|title=Welcome to Kuala Lumpur Sentral|website=www.klsentral.com.my}} KL Sentral is the intersection of KTM Komuter, ETS, Rapid Rail (LRT and monorail), Express Rail Link to Kuala Lumpur International Airport and the newly opened KVMRT Sungai Buloh-Kajang line.{{Cite web|url=http://www.klsentral.com.my/Conn_Main.aspx|title=Welcome to Kuala Lumpur Sentral}} The business district is also home to major local corporations including UEM, CIMB and Axiata, and the Malaysian headquarters of foreign multinationals such as Shell and General Electric. As of 2015, KL Sentral is almost fully developed aside from two lots set aside for future projects.{{cite news |title=MRCB saves best for last at KL Sentral |url=http://www.theantdaily.com/Business-Targeted/MRCB-saves-best-for-last-at-KL-Sentral |newspaper=theantdaily |last=Wong |first=Joseph |date=2014-04-23 |access-date=2015-08-22}}
Township projects developed by MRCB include 9 Seputeh and Kota Semarak in the periphery of Kuala Lumpur.{{cite news |title=MRCB optimistic on property sales |url=http://www.thesundaily.my/news/1415024 |last=Lee |first=Wen Khuen |date=2015-05-12 |newspaper=The Sun |access-date=2015-08-22}} As of 2015, major projects in the pipeline include Penang Sentral, a similar transport hub for the northern city of Penang, PJ Sentral, a mixed residential and commercial development in the KL suburb of Petaling Jaya, and refurbishment of the Bukit Jalil National Stadium.{{cite news |title=MRCB gets approval for Penang Sentral project |url=http://www.propertyguru.com.my/property-news/2014/9/66042/mrcb-gets-approval-for-penang-sentral-project |publisher=PropertyGuru |date=2014-09-30 |author=Farah Wahida |access-date=2015-08-22}}{{cite news |title=MRCB, Nusa Gapurna and PKNS settle suit over RM3 billion PJ Sentral project |url=http://www.themalaysianinsider.com/malaysia/article/mrcb-nusa-gapurna-and-pkns-settle-suit-over-rm3-billion-pj-sentral-project#sthash.fEdfg69i.dpuf |newspaper=The Malaysian Insider |date=2014-06-21 |access-date=2015-08-22 |archive-url=https://web.archive.org/web/20160304035336/http://www.themalaysianinsider.com/malaysia/article/mrcb-nusa-gapurna-and-pkns-settle-suit-over-rm3-billion-pj-sentral-project#sthash.fEdfg69i.dpuf |archive-date=2016-03-04 |url-status=dead }}{{cite news |title=MRCB gets RM1bil Bukit Jalil stadium job |url=http://www.thestar.com.my/Business/Business-News/2015/07/01/RM1bil-stadium-job/?style=biz |last=Mahalingam |first=Eugene |date=2015-07-01 |newspaper=The Star |access-date=2015-08-22}} It is also a joint venturer in the development of the town centre in the 2,330-acre Kwasa Damansara township in the Klang Valley, which is owned by its major shareholder, the Employees Provident Fund (EPF).{{cite news |title=MRCB, Kwasa Land firm up JV to build a town centre in RRI land |url=http://www.thestar.com.my/Business/Business-News/2014/08/15/MRCB-Kwasa-Land-firm-up-accord-The-joint-venture-will-build-a-town-centre-in-the-massive-development/?style=biz |newspaper=The Star |date=2014-08-15 |access-date=2015-08-22}}
Notable projects
References
{{reflist}}
External links
- {{Official website |http://www.mrcb.com.my/}}
{{Finance links |name=Malaysian Resources Corporation Berhad |symbol=MYRS.KL}}
{{authority control}}
Category:1968 establishments in Malaysia
Category:Construction and civil engineering companies of Malaysia
Category:Property companies of Malaysia
Category:Government-owned companies of Malaysia
Category:Companies based in Kuala Lumpur
Category:Construction and civil engineering companies established in 1968
Category:Companies listed on Bursa Malaysia