OCR ties up with Magna Prima to develop eCommerce hub

OCR Group Bhd managing director Billy Ong Kah Hoe

PETALING JAYA: OCR Group Bhd will be developing its first integrated eCommerce logistics hub via a proposed joint venture with Magna Ecocity Sdn Bhd.

The integrated property developer said its wholly-owned subsidiary OCR Avenue Sdn Bhd yesterday signed a conditional joint venture agreement (JVA) with the 70%-owned subsidiary of Magna Prima Bhd to develop the integrated logistics hub on a 20-acre site in Section 15 in Shah Alam, Selangor.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

OCR , Magna Ecocity , GDV , CRE ,


Next In Business News

RAM reaffirms Maybank's AAA financial ratings, reflecting its dominant market position
Ringgit slips at the close, touches 4.40 mark against US dollar
Unemployment in October lowest since start of Covid-19 pandemic
Tuju Setia bags RM264mil contract to build apartments
Muhibbah wins new contract worth RM116.4mil
The hype around esports is fading as investors and sponsors dry up
Bursa Malaysia launches shariah-compliant carbon exchange
FBM KLCI rebounds to end on intraday high
Oil bounces on pipeline shutdown, but heads for weekly loss on demand woes
Change in govt administration will not derail RTS project: MRT Corp

Others Also Read