MRCB's Platinum Sentral now RM10m cheaper

PETALING JAYA: The disposal price of Malaysian Resources Corp Bhd's (MRCB) Platinum Sentral has been revised downwards by RM10 million to RM740 million, according to a filing with Bursa Malaysia.
In April this year, MRCB inked a deal with Quill Capita Trust to sell the property for RM750 million.
In MRCB's announcement yesterday, the group said the independent property valuer had via its letter dated Sep 9, 2014 informed it that the market value of Platinum Sentral will be revised from RM750 million to RM740 million. No reason was given for the revision.
The downward adjustment of the market value represents 1.33% of the initial market value. The difference of RM10 million will be adjusted from the cash portion of the disposal amount.