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As expected MrCB's Denial

Thursday, May 3, 2007

The followwing post, MrCB, was posted early this morning. MrCB just made the following announcement, ARTICLE ENTITLED: "MRCB may lead RM1b Penang road job".

  • We refer to your letter dated 3 May 2007 and to the article which appeared in the New Straits Times, page 39 of even date.

    After due and diligent enquiry with all the directors, major shareholders and all such other persons reasonably familiar with the matters, we confirm that we have not at this present time entered into any agreements in relation to the matters set out in the article.

    MRCB constantly seeks new opportunities to expand our core businesses and will make the appropriate and timely announcement to Bursa Securities as and when there are matters which require immediate announcement in accordance with the Bursa Securities' Corporate Disclosure Policy.

So who is the sources that said the following?

  • Sources said the Government is keen to have a government-linked company helm the RM1.02 billion ring road, one of three projects for the state under the Ninth Malaysia Plan

    "The Government is keen to have a player with a proven track record undertake this project," a source said.

    It is learnt that MRCB is likely to be issued a letter from the Government soon, offering it a stake in the company.

    When contacted by Business Times yesterday, MRCB group managing director Shahril Ridza Ridzuan declined to comment.

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