PETALING JAYA: Property player LBI Capital Bhd
has proposed to sign a joint venture agreement with LBS Bina Group Bhd to develop three blocks of service apartments and a hotel block with a gross development value (GDV) of RM370mil.
In a filing with Bursa, LBI Capital’s unit Triple Equity Sdn Bhd, which owns the 21,660 sq m leasehold land in Gohtong Jaya, Pahang, said it should be entitled to 15% or RM55.5mil of the GDV.
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