The Star
Summary
Malaysian Resources Corporation Bhd’s (MRCB) 70 per cent owned subsidiary Kwasa Sentral Sdn Bhd (KSSB) has entered into a tenancy agreement (TA) with KD District Cooling System Sdn Bhd (KDDCS).
In a filing with Bursa Malaysia today, MRCB said the agreement was signed in respect of "demised premises” in Bangunan Taman Kwasa Sentral, Persiaran Kwasa Sentral 3, Pusat Bandar Kwasa Damansara, Shah Alam, Selangor.
The agreement would be for an initial term of three years with an option to renew for seven subsequent terms of three years each and one succeeding term of one year with an estimated total of RM62.19 million (the transaction).
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