LION Diversified Holdings Bhd said its unit LDH Management Sdn Bhd has teamed up with American International Assurance Co Ltd (AIA), Koh Maju Sdn Bhd (KMSB) and Market Venture Pte Ltd (MVPL) to form a joint venture to buy a piece of freehold commercial land in Damansara Heights, Kuala Lumpur, for RM39.8mil cash, to build serviced apartments.
MVPL is a subsidiary of Heeton Holdings Ltd, which is listed on the Singapore Stock Exchange.
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