PRG signs deal for RM5bil affordable housing projects

It’s a deal: (from left) PRG Holdings Bhd MD (property and construction) Datuk Alex Wee Cheng Kwan, Mimbar Nusantara Holdings Sdn Bhd group MD Datuk Nazrin Cheong Abdullah, PRG chairman Datuk Michael Lim Heen Peok, SPNB group CEO Datuk Ahmad Azizi Ali, Deputy Finance Minister Datuk Lee Chee Leong, Lua, SPNB Aspirasi Sdn Bhd chairman Ahri Hashim and CEO Hisham Ahmad at the MoU signing for affordable homes projects.

PETALING JAYA: Property and manufacturing group PRG Holdings Bhd has entered into an agreement to explore collaboration opportunities with Syarikat Perumahan Negara Bhd (SPNB) to take on nationwide affordable housing projects worth about RM5bil.

In a filing with Bursa Malaysia yesterday, PRG said it signed an MoU with SPNB unit SPNB Aspirasi Sdn Bhd, and a project management firm Mimbar Nusantara Holdings Sdn Bhd for a potential joint venture (JV) in the project.