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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
