MALAYSIA PRESS-MRCB mulls divestment of highway

Reuters

Malaysian Resources Corp Bhd (MRCB), which is now under the helmof entrepreneur Mohamad Salim Fateh Din, is mulling thedivestment of its 30 percent stake in Duta-Ulu Kelang Expressway(Duke), sources said.

It is understood that MRCB is seeking a valuation of between180 million ringgit to 200 million ringgit for its 30 percentstake in Duke, which has started to generate a healthy cash flowand met its internal rate of returns.

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