Malaysian Resources Corporation Bhd (MRCB) has completed its acquisition of Bukit Jalil Sentral Property Sdn Bhd (BJSP) after settling the remaining purchase consideration.
In a filing with Bursa Malaysia, MRCB said its indirect subsidiary, Rukun Juang Sdn Bhd (RJSB), has paid the final cash balance and fully settled shareholder advances linked to the deal.
The acquisition, first announced on Sept 8, 2025, involves MRCB taking an 80% equity stake in BJSP along with redeemable preference shares for a total cash consideration of RM1.58 billion.
BJSP is involved in property development and investment and owns three parcels of leasehold commercial land in Bukit Jalil, Kuala Lumpur, which are earmarked for future development.
MRCB said the completion of the deal gives it full control over the Bukit Jalil land, which is being assessed for potential future projects, including possible data centre development, subject to feasibility studies and approvals.
