TAFI unit signs JVs with RM621.5mil combined GDV

KUALA LUMPUR: Tafi Industries Bhd's subsidiary Gerak Mahir Sdn Bhd has entered into five joint venture agreements for property development projects in Kuantan with an estimated total gross development value of RM621.5mil.

It said in a filing with Bursa Malaysia that the estimated total gross development cost of the projects, which comprises the development of terrace houses, shops and semi-detached houses, is RM424.5mil.