Thriven Global to undertake PJ project on its own

KUALA LUMPUR: Thriven Global Bhd (formerly Mulpha Land Bhd) has decided to undertake on its own, rather than through a joint venture, the Lumi Tropicana mixed development project in Petaling Jaya that bears an estimated gross development value of RM835.5mil.

In a filing with Bursa Malaysiab yesterday, Thriven said it signed a settlement agreement with Mudajaya Group Bhd’s indirect unit MJC Development Sdn Bhd and Mayfair Ventures Sdn Bhd to mutually terminate the subscription and shareholders’ agreement (SSA) they had inked in August 2013.