DRB-Hicom to take over 23-year Angkasapuri facilities concession

The company which DRB-Hicom is buying into will undertake the planning, financing, construction, installation, and completion of new facilities and infrastructures on Angkasapuri's premises.

KUALA LUMPUR: DRB-Hicom Bhd has proposed to acquire a 51% stake in Media City Ventures Sdn Bhd (MCVSB), whose unit holds a 23-year government concession to set up new facilities and infrastructures on Angkasapuri’s 15.72-acre premises.