MRCB shares up 3.44% on plan to resolve EDL issue by year-end

PETALING JAYA: Malaysian Resources Corp Bhd's (MRCB) share price rose as much as 3.44% in early trade to hit 75 sen, after it set a timeline to resolve the termination of the Johor Bahru Eastern Dispersal Link's (EDL) concession by year-end.
At 11.34 am the stock stood at its opening price of 73.5 sen with 21.46 million shares changing hands.
MRCB's executive director Mohd Imran Mohamad Salim said at the group's AGM and EGM yesterday, that the new government is keen to abolish or reduce tolls and MRCB is at the forefront of that, having already abolished the toll entirely.
The firm stopped collecting the RM6.80 per trip toll since the start of this year.