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Yong Tai scraps JV mixed development project in Puchong


KUALA LUMPUR: Yong Tai Bhd ’s plan to acquire two parcels of freehold and contiguous land in Puchong, Selangor, for a potential property development project has fallen through.

In a filing with Bursa Malaysia, the tourism-related property developer said it and the vendors of Terrawest Resources Sdn Bhd, which owns the 1.5-acre land, had entered into a memorandum of understanding (MoU) to mutually and amicably terminate the memorandum of understanding inked in August 2015.

Corporate News , Property , Yong Tai Bhd

   

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