KUALA LUMPUR, Jan 27 — Malaysian Resources Corporation Bhd (MRCB), Wondrous Vista Development Sdn Bhd and Bandar Malaysia Sdn Bhd are collaborating to develop an integrated transportation hub in Bandar Malaysia.
Earlier this month, the three companies entered into a non-binding Memorandum of Understanding (MoU) to acquire, construct and operate the transportation hub.
“A total of 24.28 hectares have been earmarked to build the integrated transportation hub.
“The MoU will remain valid for a period of six months or may be terminated at any time by mutual consent,” said MRCB in a filing to Bursa Malaysia.
Bandar Malaysia holds a 100 per cent stake in Omega Cartel Sdn Bhd, which owns 196.67 hectares of land in Bandar Malaysia.