MKH plans RM1bil JV project

PETALING JAYA: MKH Bhd has entered into a joint-venture with Sim See Hua Brothers Sdn Bhd, Segamurni Corp Sdn Bhd and Joint Power Development Sdn Bhd to undertake a property development project with an estimated gross development value of RM1bil in Kajang.

In a filing with Bursa Malaysia yesterday, MKH said the JV was formed via its wholly-owned subsidiary Suria Villa Sdn Bhd as the developer of the project.

The developmentwould be on a 130.05 acres of land in Kajang adjacent to Kajang 2 township development and would be expected to take advantage of the on-going Kajang-Sungai Buloh mass rapid transit development.

“The land is strategically located in the Kajang-Semenyih corridor, being one of the Greater Klang Valley preferred locations underpinned by strong demand for residential property,” the company said.

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