Both George Kent (Malaysia) Bhd and Malaysian Resources Corp Bhd (MRCB) today clarified that the dispute between them over the financing requirements for their joint venture (JV) company that is undertaking the Light Rail Transit 3 (LRT3) project is to do with the priority of funding options.
In separate stock exchange filings, they said the difference of opinion is in respect of the interpretation of provisions of the shareholders agreement they inked dated June 8, 2015.