KUALA LUMPUR, Sept 18 — Malaysian Resources Corporation Bhd (MRCB) is selling its entire equity interest in MRCB Technologies Sdn Bhd to XMT Technologies Holdings Sdn Bhd for RM7.81 million.

MRCB, in a filing to Bursa Malaysia today, said the proposed disposal would enable MRCB to utilise its resources more effectively and focus on its core business of property development and specialised infrastructure and environmental projects.

It said proceeds from the sale, expected to be completed by the fourth quarter of this year, would be utilised to finance the group’s working capital.

“The proposed disposal is expected to generate a gain of approximately RM100,000 to the group,” it said. — Bernama