PETALING JAYA: Nextnation Communication Bhd (NCB) is diversifying into property investment and management, following an agreement signed that will also see the well-diversified Al Batha group from the United Arab Emirates emerging as a substantial shareholder.
NCB said in a statement that it had signed an agreement to acquire an 11-storey boutique office tower in Bangsar South City, Kuala Lumpur, for RM64mil from Bidang Lagenda Sdn Bhd, which is part of the Al Batha group.
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