MRCB seeks new partners in Indonesia and Thailand

KUALA LUMPUR: Construction and property company Malaysian Resources Corp Bhd (MRCB) is looking for new partners and potential mergers and acquisitions (M&A) targets in Indonesia and Thailand to expand regionally, said its executive director Imran Salim.
"We have been studying the Indonesian and Thailand market for quite some time. We've been talking to parties there and see whether we can do any acquisition of land or (do) joint development," Imran told reporters at its EGM today.
"We are also looking for partnership (there) and bring them back here. So it's a vice versa business strategy that we're going for," he added.
Earlier, Imran said MRCB's shareholders agreed to a proposed private placement at its EGM today, paving the way for much needed funding for the development of its ongoing projects and to expand its landbank.