KUALA LUMPUR: Malaysian Resources Corporation Bhd’s share price fell to an almost fourth month low after it withdrew from a Berjaya-led consortium vying for the Kuala Lumpur-Singapore High Speed Rail.
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Its shares dropped as much as 4.9 per cent to 49 sen from 51.5 sen at Wednesday’s closing bell.
As at 12.30pm, it shed 2.91 per cent or 0.015 points to 50 sen.
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A Berjaya-led consortium yesterday announced that MRCB has withdrawn from the consortium to pursue other strategic opportunities.
The consortium is now made up of Berjaya Rail Sdn Bhd, Keretapi Tanah Melayu Bhd (KTMB), IJM Corp Bhd (IJM) and other technical partners such as Deutsche Bahn, Hitachi Rail and Hyundai Rotem.
The consortium was involved in MyHSR’s Request for Information (RFI) exercise for the project early this year.
Berjaya Corp Bhd founder and advisor Tan Sri Vincent Tan Chee Yioun in a statement said the group remains steadfast in its mission to deliver a world-class HSR system.
-TheStar