PETALING JAYA: Ireka Corp Bhd
is teaming up with Japan’s Hankyu Hanshin Properties Corp to undertake the Rimbun Kasia property development in Nilai with a gross development value (GDV) of over RM400mil.
Ireka said in a filing with Bursa Malaysia that it had entered into agreements with Osaka-based Hankyu Hanshin – a unit of Hankyu Hanshin Holdings, Inc. Ireka will hold a 55% stake in the joint-venture (JV) company Meadowfield Sdn Bhd, while Hankyu Hanshin will hold the other 45%.
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