PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) will pay RM34mil to acquire and subscribe to a 70% controlling stake in Arch Angel Capital Sdn Bhd (AAC) which owns a prime piece of land in Putrajaya.
In a filing with Bursa Malaysia, MRCB said the share sale and subscription agreement with AAC would provide it an opportunity to develop Plot 2C4 in Putrajaya into a commercial development.
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