Type Public Revenue RM1,515 million (2014) Headquarters Malaysia | Traded as MYX: 1651 Operating income Founded 1968 | |
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Industry Engineering and construction
Property development Key people Azlan Zainol (Chairman)
Mohamad Salim Fateh Din (Group Managing Director) Stock price MRCB (KLSE) MYR 1.53 +0.01 (+0.66%)16 Mar, 4:50 PM GMT+8 - Disclaimer Subsidiaries Semasa Services Sdn Bhd | ||
Mrcb corporate video
Malaysian Resources Corporation Berhad (commonly referred to as MRCB) is a construction and property development company based in Kuala Lumpur. It is the master developer of the Kuala Lumpur Sentral transport hub and business district.
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MRCB was founded in 1968 as Perak Carbide Corporation Sdn Bhd, a carbide manufacturer, and went public in 1971. In 1981, it shifted its business focus to property development and took on its present name.
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. KL Sentral is the intersection of KTM Komuter, Intercity, Rapid Rail light rail transit (LRT), Express Rail Link to Kuala Lumpur International Airport and the proposed Klang Valley Mass Rapid Transit Project lines. 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.
Township projects developed by MRCB include 9 Seputeh and Kota Semarak in the periphery of Kuala Lumpur. 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. 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).
With the EPF as a significant shareholder (38 percent), MRCB is considered a government-linked company (GLC) in Malaysian business circles.