PETALING JAYA: LBS Bina Group Bhd, through its indirect subsidiary Biz Bina Development Sdn Bhd, entered into a joint development agreement with YPJ Plantations Sdn Bhd yesterday for a proposed development in Johor which has a gross development value (GDV) of RM2.6bil.
YPJ Plantations is the owner of the 541.4-acre leasehold land and is entitled to 7.5% of the proposed development’s GDV, or a minimum guaranteed sum of RM194.9mil.
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